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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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$100 |
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Maximum |
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$10,000 |
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Fees |
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Account |
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$0 |
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Automatic |
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$0 |
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Optional |
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$0 |
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Reinvestment |
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$0 |
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$15 |
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Company |
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Additional |
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PAYX DRIP Details:
The Paychex Dividend Reinvestment Plan offers an attractive holding vehicle for your Pay Chex investment with its free dividend reinvestment, and no investment fees. You could consider low cost brokerages such as Sharebuilder for other benefits, but the Paychex DRIP is likely your lowest cost holding vehicle.
Pros:
Initial investment through plan, no investment fees, no account fees, no dividend reinvestment fees
Cons:
$15 sales fee