Chesapeake Utilities Corporation (CPK) DRIP
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DRIP Plan Highlights |
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Enrollment |
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Initial Purchase |
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$1,000 |
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Purchases |
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Minimum
purchase |
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$100 |
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Maximum
purchase |
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$60,000 |
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Fees |
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Account
Setup Fee |
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$10.00 |
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Automatic
Investment Fee |
$0.00 |
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Optional
Cash Purchase |
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$0 |
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Reinvestment
Fee |
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N/A |
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Sale Fee |
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$0 |
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Company
Web Site |
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Additional
Plan Information |
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Chesapeake Utilities DRIP Details: The Chesapeake Direct Stock Investment Program offers an above average vehicle for your CPK investment with a $10 account setup fee, but no investment fees, dividend reinvestment fees and only a $0.15 sales fees. This DRIP plan is a bit unique in that is charges an account setup fee, but does not charge a sales fees. Depending on your investment style a low cost brokerage such as Sharebuilder or the Chesapeake DRIP plan could be the lowest cost holding vehicle for your Chesapeake investment.
Pros:
No automatic investment fee
No optional cash purchase fee
No dividend reinvestment fee
$.15/share sales fee
Cons:
$10 Account setup fee