DRP = Dividend Reinvestment Plan
A plan whereby you reinvest your dividends into more shares and you can purchase new shares directly, usually once a month.
The shares you are receiving dividends from must be in your name, not "street" name for you to be eligible to participate.
It's a great way to accumulate more shares and dollar cost average into a stock.
I have no problem with the $1.00 fee that is charged for the ease of automatic withdrawals. When you take into account that a stamp cost .32 cents, the check you write probably cost you around .10, and if you need an envelope you can add a few more cents (I know that they are usually provided by First Chicago). I won't even get into remembering to write it and get in the mail in time, etc., etc.,
If you want to be a steady investor in KO "over the long haul", then this fee seems somewhat insignificant for the comfort of knowing that the transaction is getting done and you don't have to worry about it!
No problem, & thank you also for your info. I am a small $$ investor looking for places to put my money, and I figure that KO is one of the best, and besides, as much of the stuff as I drink I should try to get some of my $$ back :)