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DRIP Plan Highlights |
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Enrollment |
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Initial Purchase |
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$250 |
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Purchases |
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Minimum |
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$50 |
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Maximum |
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$250,000 |
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Fees |
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Account |
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$10.00 |
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Automatic |
$2.50 |
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Optional |
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$5 |
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Reinvestment |
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5% up to $3.00 |
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Sale Fee |
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$15 |
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Company |
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Additional |
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Buckeye Partnership Stock Investment Plan Details:
The Buckeyes Dividend Reinvestment Plan is a poor investment vehicle with its $10 account setup fee, $5 optional cash purchase fee, and its dividend reinvestment fees. For nearly all investors a low cost brokerage such as Sharebuilder will be your lowest cost holding vehicle for your Buckeye Partners investment.
Pros:
$2.50 automatic investment fee
Cons:
$10 account setup fee
$5 optional cash purchase fee
Dividend reinvestment fees
$15 stock sale fee