How to buy shares of Xerox Corp. with $10

Mkemo London for Future Makers January 22, 2009

The Xerox Corporation (XRX) offers a Dividend Reinvestment Plan to all shareholders of record. If you own shares of Xerox Corporation with a broker you can get them transferred to Computershare Trust Company, the transfer agent, for a small fee usually $25-$30. If you do not own shares, open an account at Sharebuilder.com, Scottrade.com or TDameritrade.com and purchase one share, plus commission.

Once enrolled in the plan, you can purchase stock at $10 per transaction computing your account to fractional shares up to six decimal places. For example if the share price is $7.68 and you invest $10 the shares purchased will be 1.302084. Each investment is made weekly on Monday. Dividend payments are invested separately every quarter, also up to six decimal places. Once enrolled in the plan there are no fees to purchase more shares.

With the reinvestment of dividends and optional cash investments your position in The Xerox Corporation will grow and multiply.