Dow DRIPs - 7 thru 9 of 12 DSPPs
The stocks to be examined on this post are McDonalds, Merck and Pfizer.
7. McDonalds (MCD) ComputerShare.com - Plan Information - Current Opinion
Very sharp setup for McDonalds …I went through the enrollment process to learn more about their DSPP and found out that not only can you join with a one time investment of $500 but you also have three options when choosing the automatic monthly investment option.
Choice 1) have the funds debited from your bank account on the 15th of each month for your recurring investment purchases.
Choice 2) have the funds debited from your bank account on the Last day of each month for your recurring investment purchases.
Choice 3) have the funds debited from your bank account on both the 15th and the Last day of each month for your recurring investment purchases.
Now, here is the good part …out of curiousity I entered an amount of $25 for my recurring investment dollar amount then picked Choice 3 figuring since the total monthly amount equalled $50 that it might be accepted …and it was!
To double check I left that $25 amount entered and picked Choice 2 but I was not allowed to progress through the enrollment and was told (in red letters) the following;
“The amount you have entered for your Recurring Automatic Investment is invalid. Please enter a whole dollar amount between $500.00 and $250,000.00.”
I’m rather excited about discovering that bi-monthly $25 investment option. I didn’t find it explicitly mentioned in the prospectus but since the total still comes out to $500 after 10 months then McDonalds seems happy and so am I!
Of course, with a single $50 investment each month the transaction fee is only $1.50 and with double investments of $25 you would incur that $1.50 fee twice but it could still be easier to manage for some people.
The initial setup fee is a very modest $5.00 and about the only thing to avoid with MCD is making any optional purchases because you’ll get hit with a $6 fee!
INITIAL SETUP
Initial Purchase $500
OR
Monthly auto investments of $50.00/month
OR
Bi-Monthly auto investments of $25.00/month
One Time Set-up Fee $5.00
PURCHASES
Min $50.00
Max $250,000 per year
TRANSACTION FEES
Vai optional Investments $6.00
Via automatic ongoing monthly investments $1.50
Via payroll decuction $0.00
Via Dividend Reinvestments $0.00
SALES
Sale of Stock $15.00 + $0.15/share
8. Merck & Co. Inc. (MRK) - Prospectus - Current Opinion
shareowneronline.com - To purchase Merck click on the shareowneronline.com link then click on Purchase Shares from a Direct Purchase Plan.
INITIAL SETUP
Initial Purchase $350
OR
monthly auto investments of $50.00/month
One Time Set-up Fee $5.00
PURCHASES
Min $50.00
Max $50,000 per year
TRANSACTION FEES
Vai optional Investments by check $5.00
Via automatic ongoing monthly investments $2.00
Dividend Reinvestments $2.00 or 4% of the dividend to be reinvested, whichever is smaller.
SALES
Sale of Stock $5.00 + $0.01/share
9. Pfizer Inc. (PFE) - Equiserve - Current Opinion - Current Price
Pfizer Inc, founded in 1849, is dedicated to better health and greater access to healthcare for people and their valued animals. Their purpose is helping people live longer, healthier, happier lives.
Pfizer is undoubtedly a giant in the Drug Manufacturing segment and not just in the US but the world market. Pfizer sales over the last 12 months are more than Merck and Eli Lily combined.
Pfizer is another one of those companies that basically pays for everything and lets you put ALL of your money into your investments. The only fee occurs when you sell the stock and even that is a reasonable $15.00 plus $0.12/share so a sale of 100 shares would cost $27 and at a rate of $50/month invested would take about 4 years and 8 months at current prices to accumulate.
The $500 initial setup fee might be a bit steep for some which reminds me that you can also get in Pfizer’s DRIP program by first owning at least a single share of stock which has to be in your name. I’ll probably explore this further for each of these stocks but, for right now, if you want to purchase one share you can go to DirectInvesting.com then, click on Add to Cart to see your total cost then, click on Continue to complete your purchase.
As of today, you’ll spend about $70.86 to secure a single share of PFE via DirectInvesting.com but, there are other means to doing the same thing which I”ll have to put off until another blog post.
INITIAL SETUP
Initial Purchase $500
One Time Set-up Fee $0.00
PURCHASE LIMITS
Min $50.00
Max $120,000 per year
TRANSACTION FEES
Vai optional Investments by check $0.00
Via automatic ongoing monthly investments $0.00
Dividend Reinvestments $0.00
SALES
Sale of Stock $15.00 + $0.12/share
Our next post will conclude the 12 stocks available from the Dow which offer Direct Purchase Plans namely, Procter & Gamble, Wal-Mart and Walt Disney.
7. McDonalds (MCD) ComputerShare.com - Plan Information - Current Opinion
Very sharp setup for McDonalds …I went through the enrollment process to learn more about their DSPP and found out that not only can you join with a one time investment of $500 but you also have three options when choosing the automatic monthly investment option.
Choice 1) have the funds debited from your bank account on the 15th of each month for your recurring investment purchases.
Choice 2) have the funds debited from your bank account on the Last day of each month for your recurring investment purchases.
Choice 3) have the funds debited from your bank account on both the 15th and the Last day of each month for your recurring investment purchases.
Now, here is the good part …out of curiousity I entered an amount of $25 for my recurring investment dollar amount then picked Choice 3 figuring since the total monthly amount equalled $50 that it might be accepted …and it was!
To double check I left that $25 amount entered and picked Choice 2 but I was not allowed to progress through the enrollment and was told (in red letters) the following;
“The amount you have entered for your Recurring Automatic Investment is invalid. Please enter a whole dollar amount between $500.00 and $250,000.00.”
I’m rather excited about discovering that bi-monthly $25 investment option. I didn’t find it explicitly mentioned in the prospectus but since the total still comes out to $500 after 10 months then McDonalds seems happy and so am I!
Of course, with a single $50 investment each month the transaction fee is only $1.50 and with double investments of $25 you would incur that $1.50 fee twice but it could still be easier to manage for some people.
The initial setup fee is a very modest $5.00 and about the only thing to avoid with MCD is making any optional purchases because you’ll get hit with a $6 fee!
INITIAL SETUP
Initial Purchase $500
OR
Monthly auto investments of $50.00/month
OR
Bi-Monthly auto investments of $25.00/month
One Time Set-up Fee $5.00
PURCHASES
Min $50.00
Max $250,000 per year
TRANSACTION FEES
Vai optional Investments $6.00
Via automatic ongoing monthly investments $1.50
Via payroll decuction $0.00
Via Dividend Reinvestments $0.00
SALES
Sale of Stock $15.00 + $0.15/share
8. Merck & Co. Inc. (MRK) - Prospectus - Current Opinion
shareowneronline.com - To purchase Merck click on the shareowneronline.com link then click on Purchase Shares from a Direct Purchase Plan.
INITIAL SETUP
Initial Purchase $350
OR
monthly auto investments of $50.00/month
One Time Set-up Fee $5.00
PURCHASES
Min $50.00
Max $50,000 per year
TRANSACTION FEES
Vai optional Investments by check $5.00
Via automatic ongoing monthly investments $2.00
Dividend Reinvestments $2.00 or 4% of the dividend to be reinvested, whichever is smaller.
SALES
Sale of Stock $5.00 + $0.01/share
9. Pfizer Inc. (PFE) - Equiserve - Current Opinion - Current Price
Pfizer Inc, founded in 1849, is dedicated to better health and greater access to healthcare for people and their valued animals. Their purpose is helping people live longer, healthier, happier lives.
Pfizer is undoubtedly a giant in the Drug Manufacturing segment and not just in the US but the world market. Pfizer sales over the last 12 months are more than Merck and Eli Lily combined.
Pfizer is another one of those companies that basically pays for everything and lets you put ALL of your money into your investments. The only fee occurs when you sell the stock and even that is a reasonable $15.00 plus $0.12/share so a sale of 100 shares would cost $27 and at a rate of $50/month invested would take about 4 years and 8 months at current prices to accumulate.
The $500 initial setup fee might be a bit steep for some which reminds me that you can also get in Pfizer’s DRIP program by first owning at least a single share of stock which has to be in your name. I’ll probably explore this further for each of these stocks but, for right now, if you want to purchase one share you can go to DirectInvesting.com then, click on Add to Cart to see your total cost then, click on Continue to complete your purchase.
As of today, you’ll spend about $70.86 to secure a single share of PFE via DirectInvesting.com but, there are other means to doing the same thing which I”ll have to put off until another blog post.
INITIAL SETUP
Initial Purchase $500
One Time Set-up Fee $0.00
PURCHASE LIMITS
Min $50.00
Max $120,000 per year
TRANSACTION FEES
Vai optional Investments by check $0.00
Via automatic ongoing monthly investments $0.00
Dividend Reinvestments $0.00
SALES
Sale of Stock $15.00 + $0.12/share
Our next post will conclude the 12 stocks available from the Dow which offer Direct Purchase Plans namely, Procter & Gamble, Wal-Mart and Walt Disney.
posted by Scott at
11:50 PM
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