Dividend Reinvestment & Stock Purchase Plan (Plan)
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Are there fees to participate in the Plan? |
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A: No, there are no fees to open a Plan account and there are no brokerage fees to purchase common shares through the Plan.
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How do I become a shareholder? |
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A: You must complete an Enrollment and Authorization form and make an initial investment of $250 or more. The plan allows investments up to $100,000 per year. |
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What are the requirements to participate in the Plan? |
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A: You must invest/reinvest a minimum of $250.00 annually. |
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| Q: |
Will you send me a physical stock certificate as a Plan participant? |
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A: No, you will receive a statement showing your account transactions. Statements are generally mailed out 3 to 4 business days after the investment date. Investment dates are 1st and 15th of each month or the next business day if the date falls on a holiday or weekend.
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Will I receive information on the Company’s earnings? |
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A: Yes, earnings are reported to shareholders in the Annual and quarterly reports. Quarterly reports are enclosed with the June, September and December Plan statements. Generally, new annual reports are mailed out in April.
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How can I purchase additional shares of stock? |
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A: Once you have made your initial investment, you can purchase additional shares of common stock directly through the Plan. You can send optional cash payments of $50 or more - up to $100,000 per year. |
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When will you purchase my investment? |
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A: Investments received on the 11th and by the 25th will invest on the 1st. Investments received on the 26th and by 10th will invest on the 15th. For example, if your investment is received by SWG on the 17th it will invest on the 1st. If your investment is received by SWG on the 30th it will invest on the 15th. To verify receipt of investment or purchase date, please contact our Shareholder Services Department for assistance.
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Can I withdraw or sell shares that are held in my Plan account? |
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A: Yes, you may sell or withdraw all or a portion of the shares held in your Plan account. You can use the Account Option Form located on the back of your statement or submit a written request that includes your name, address, account number and number of shares to be sold. *A partial sell requires you to leave a balance of a 100 shares in your account. Contact Shareholder Services for the sale cutoff dates and times. **Accounts registered as a Partnership or LLC require a Medallion Signature Guarantee. |
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Once I become a shareholder through the Plan, can I sell my shares through a broker? |
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A: The only way to sell your shares through a broker is to convert your Plan shares into a physical stock certificate or transfer your Plan shares to your broker via DRS. |
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