You are right about dividends being taxabse when paid (issue #2). The company did pay the dividends in 2011, but Computershare held the money until 2012.
Your explaination that I'm in a reinvestment program rather than a true D.R.I.P. hits the nail on the head (both issues). I don't have any fee problems in my P&G and Westar Energy drips. They have no fees as the companies are managing their programs.