So I got tired of my savings account only earning 0.8% and have moved some money from there to another brokerage account. This account is outside of my Roth IRA so I'll have to pay capital gains taxes on it but I am paying taxes on my savings too. I won't be invested in any MLP's though with this account. I didn't move enough money from savings over to hurt me should I lose it all. I'm also simply going to be following the long term path I've started.
With that said, I was looking at this link
http://dripinvesting.org/tools/tools.asp in order to check out different companies that pay dividends. What I haven't noticed before but did after going through the list is apparently some companies charge a fee in order to be in a DRiP. Can someone explain this to me? Is it something I should be concerned about? An example would be Verizon, VZ. According to that list, there's a fee. How are they able to charge me a fee to invest in their company and why?
EDIT: Further investigating on my part shows that a number of the companies I am already invested in a charging a fee. I'm guessing this fee isn't that big of a deal then. I just want to make sure I get the dividend I should and don't end up getting smacked with fees.
Thanks