Investing in quality dividend stocks is always the goal of all individual investors. One of the largest energy companies in the world, The Exxon Mobil Corporation (XOM) offers a Direct Stock Purchase Plan to all shareholders of record. It is easy to open an account by investing either $250.00 or making $50 monthly investments for 5 months. Log on to www.computershare.com and create an account. Once enrolled in the plan, you can purchase stock at $50 per transaction computing your account to fractional shares up to six decimal places. For example if the share price is $68.36 and you invest $50 the shares purchased will be .731422. Each investment is made weekly. Dividend payments are invested separately every quarter, also up to six decimal places. Once enrolled in the plan there are no fees to purchase more shares. That right invest in this great company with no fees. With the reinvestment of dividends and optional cash investments your position in The Exxon Corporation will grow and multiply. Here is some more detail about the plan.
Basic Company Statistics
New York Stock Exchange: XOM
Industry: Major Integrated Oil & Gas
Index Memberships: Dow Jones 30, S&P 500
Annual Revenue: $310.60 Billion
Market Capitalization: $290.76 Billion (Large-Cap)
Common Shares Outstanding: 4.70 Billion
52 Week Price Range: $58.46-$76.54
Earnings Per Share: $4.39
Annual Dividend: $1.68
Paying Dividends Since: 1882
Direct Stock Purchase Plan Summary
Transfer Agent: Computershare
Transfer Agent website: www-us.computershare.com
Phone: 1-800-252-1800
New Account Investment Options:
- One-time minimum purchase either check or an authorized one-time deduction from a bank account: $250.00 or
- Minimum on-going investment of $50.00 for 5 consecutive months
Existing Shareholders:
Minimum share required to enroll for existing shareholders: 1
Optional Cash Purchase Minimum: $50.00
Optional Cash Purchase Frequency: Weekly
Maximum One Time Investment: $250,000.00 per year
Stock Certificate issued upon request: Yes
Dividend Frequency: Quarterly
Plan Fees:
Initial set up: $0.00
Cash Purchase Fee: $0.00
On-going Automatic Investment Fee: $0.00
Cash Purchase Processing Fee (per share): $0.00
Dividend Reinvestment Fee: Company Paid
Batch Sale Fee: $15.00
Market Order Sale Fee: $25.00
Batch and Market Order Processing Fee: $0.12 per share
How much stock does the first $50 buy? :
Initial Investment: $50.00
Total Investment: $50.00, Sample Stock Price: $61.86
Total Shares Purchased: $50.00/$61.86 = .808277
