Did you know that EPD offers a 5% discount to market when you purchase shares in their dividend reinvestment plan sponsored by Well's Fargo? IT's THE MOST AWESOME DEAL!! It' totally makes up for the lower dividend buying stock below market prices with no commission!! Go to EPD website and read all about it.
This seems almost too good to be true, but I just went for it. I had to have my units transferred to Wells Fargo since my broker does not participate in the plan, but I'm told that there is no cost to me. When I or my heirs decide to sell the original units plus the units accumulated under the DRIP, I'll just do a reverse back to my broker. I presume that's also fee free. As far as I can determine, you're right about this being an awesome deal. The 5% discount is not guaranteed and can be changed or eliminated at any time, but I'll take that chance. Thanks much for the info.
The only problem in dealing with WF is selling and buying inside your account there takes lots of time and is expensive. Easier to change brokers. Probably more cost effective since many inlcuding TD Ameritrade will pay you to move to them