Many new investors, who do not know about this fee, will be surprised. Came last November, so expecting it again this month. Hmm..... .02 x 32k+ shares. Kinda sucks, but the share price will rise more than .02 with earnings/conference call.
I'm fairly certain that the fee is one penny. The fee comes out of the dividend at one quarter penny per quarter. Have you noticed getting 3.75 pennies per share (instead of 4) for your quarterly dividend?