Bristol-Myers Squibb Company (BMY) DRIP
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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
purchase |
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$25 |
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Maximum
purchase |
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$10,000 |
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Fees |
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Account
Setup Fee |
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$15.00 |
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Automatic
Invesment Fee |
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$2.00 |
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Optional
Cash Purchase |
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$3.50 |
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Reinvestment
Fee |
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None* |
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Sale Fee |
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$15.00 |
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Company
Web Site |
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Additional
Plan Information |
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Bristol Myers Squibb Company DRIP Details:
Bristol-Myers Squibb Company is a biopharmaceutical company based in New York. The Bristol Myers Squibb Direct Stock Investment Plan offers a mediocre holding vehicle for your Bristol-Myers Squibb investment with account setup fees, and investment fees, but offers no dividend reinvestment fee for accounts with less than 100 shares. For small investors who will make regular small investments the Bristol Myers Squibb will likely be your lowest cost holding vehicle. For larger investments (over 100 shares) a low cost brokerage such as Sharebuilder would likely be your lowest cost holding vehicle for your BMY investment.
Pros:
No dividend reinvestment fee for accounts with < 100 shares
Below average investment fees
Cons:
Dividend reinvestment fee 5% up to $3 for account with > 100 shares
Account setup fee
Above average sales fee