• Money
    • Budget
    • Shop
    • Travel
    • Stories
  • Career
    • Advice
    • Entrepreneurship
    • Freelance
    • Small Business
  • Investing
    • General
    • IRA + 401K
    • Stocks + Bonds
    • Retirement Planning
    • Estate
  • The Basics
    • Student Loans
    • Credit Cards
    • Debt
    • Taxes
    • More
  1. Home
  2. Investing
  3. General
  4. How to Buy Procter & Gamble Stock With a Direct Purchase Plan

How to Buy Procter & Gamble Stock With a Direct Purchase Plan

By: Bradley James Bryant
  • Share
  • Share on Facebook

A direct purchase plan (DIP) allows you to purchase stock directly from a company. While not all companies offer DIPs, they are common in larger companies. Most plans also have restrictions on when investors can purchase shares. The biggest perk of DIPs is the ability to avoid paying commissions to brokers. DIPs are also ideal for investors with long term investment horizons. Procter & Gamble has a DIP, however, it is referred to as a SIP or the P&G Shareholder Investment Program.

Step

Obtain and review the prospectus for the program. The prospectus will describe the terms and conditions of the sale.

Step

Fill out an application. You will need the same information you need to open a bank account. This includes a social security number or taxpayer ID. Applicants can be individuals, charities or trusts. If it's for a trust, the trust must be included with the application.

Step

Fund your account. The minimum initial investment for a SIP is $250. This can be paid with a check or money order. If you are a current shareholder, the minimum amount is a $50.

Video of the Day

Step

Review administrative fees and commission. Unlike DIPs, the P&G SIP does charge fees and commissions. There is no fee for enrollment or dividend reinvestment, however, the sales fee is $15 and $7.50 if requested online, plus $0.12 per share.

Show Comments

Related Articles

How to Buy Stock for Someone Else

How to Buy Stock for Someone Else

Investing
General
By: Carmelo Montalbano
How to Buy Direct Walmart Stock

How to Buy Direct Walmart Stock

Investing
Stocks + Bonds
By: Tim Plaehn

PARTNER CONTENT

Money Mistakes Wealthy People Don't Make

Money Mistakes Wealthy People Don't Make

How to Sell Stock Without a Broker

How to Sell Stock Without a Broker

Investing
Stocks + Bonds
By: Carmelo Montalbano
The Best Direct Stock Purchase Plans

The Best Direct Stock Purchase Plans

Investing
General
By: Vicki A. Benge
What Are the Different Types of Budgeting?

What Are the Different Types of Budgeting?

Money
Budget
By: Angela Stringfellow

Get Weekly Savings& Finance Tips.

  • Money
  • Career
  • Investing
  • The Basics
  • About
  • Contact Us
  • Terms
  • Privacy Policy
  • Copyright Policy
© 2019 Leaf Group Ltd. Leaf Group Media

Get Weekly Savings
& Finance Tips.

Money Made Easier.

Please enter a valid email.