Phillips 66 (PSX) DRIP
|
DRIP Plan Highlights |
|||
|
Enrollment |
|
|
|
|
Initial Purchase |
|
$250 |
|
|
|
|
|
|
|
Purchases |
|
|
|
|
Minimum
purchase |
|
$25 |
|
|
Maximum
purchase |
|
$10,000 |
|
|
|
|
|
|
|
Fees |
|
|
|
|
Account
Setup Fee |
|
$0 |
|
|
Automatic
investment Fee |
|
$0 |
|
|
Optional
Cash Purchase |
|
$0 |
|
|
Reinvestment
Fee |
|
$0 |
|
|
Sale Fee |
|
|
$15 |
|
|
|
|
|
|
Company
Web Site |
|
||
|
Additional
Plan Information |
|||
Phillips 66 DRIP Details:
Phillips 66 is a downstream energy company that handles oil refining, natural gas processing, and olefins, polyolefins chemical production. The Phillips 66 Direct Stock Purchase and Dividend Reinvestment Plan offers an attractive holding vehicle for your Phillips66 investment with no enrollment fees, no purchase fees, and no dividend reinvestment fees. For most long term investors the Phillip66 DRIP plan would be your lowest cost holding vehicle for your PSX investment.
Pros:
No account setup fees
No dividend reinvestment fees
Low initial investment minimum ($250)
Low optional stock purchase minimum ($25)
Cons:
Above average investment sale fee