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DRIP Plan Highlights |
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Enrollment |
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Initial Purchase |
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$500 |
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Purchases |
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Minimum |
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$50.00 |
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Maximum purchase |
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$250,000.00 |
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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 |
$5.00 |
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Reinvestment |
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5% upto $3 |
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$15.00 |
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Company Web |
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Additional |
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Philip Morris International DRIP Details:
Philip Morris International is an international tobacco company including the Marlboro, and L&M brands. The Philip Morris Direct Stock Investment Plan offers a poor holding vehicle for your Philip Morris investment with an account setup fee, investment fees, and dividend reinvestment fees. For most long term investors a low cost brokerage such as Sharebuilder could be your lowest cost holding vehicle for your PM investment.
Pros:
Below average automatic investment fee
Cons:
Account setup fee
Dividend reinvestment fees
Above average one-time investment fees
Above average sales fee