No — A Direct Stock Purchase Program is very different from a traditional brokerage account.
Some of the differences are:
- The account is set up online or by mailing in the proper forms to a transfer agent
- The dollar amount that you want to invest or reinvest will determine the number of shares that you will own
- New shares being purchased will be priced at the volume weighted average price per share of our common stock traded on the New York Stock Exchange (NYSE) during regular trading hours on the investment date
- The price for shares that are reinvested will be determined by calculating the average of the low and high sales price per share, as reported by the NYSE, on the last day of trading prior to the reinvestment date
See the prospectus for pricing and investment cost details for the Direct Stock Purchase Program