Source
Money Crashers
Direct Stock Purchase Plans Charge Fees – A $0-Commission Broker Usually Costs Less
A direct stock purchase plan lets you skip the broker, but it can charge you for each purchase, each dividend reinvested, and each sale. It also buys only at set times. Use a $0-commission brokerage account instead, unless the plan charges nothing to buy and its discount on reinvested dividends will outweigh the sale fee.
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