I stayed with PFE when the stock price went down, I stuck with them when they aggressivly cut the divy. Just got a letter to tell us they were PLEASED (their own words) that they were to change the DRIP plan to: 1, charge 5% of your diveys to reinvest your dividend, plus, charge $.05 additional per share. Thank you Pfizer for sticking it to us stockholders!!!
I agree. I got the notice last week and had to decide whether to transfer my shares to Fidelity (they'll reinvest your divis at no cost) or sell outright. I decided to sell and put the funds into my MRO or SE DRIP.
I have several DRIP's and don't want the hassel of having to monitor fees. The whole idea is to make investing easy for the shreholder.
You got that right- time to bail. What a great way to lower the dividend. Too bad they aren't smart enough to generate more revenue w/ through new products instead of this shill. Everyone, switch to generic viagra!