Drip Port Buys PepsiCo

On July 12, 2000, the Drip Port announced that it would begin to invest in the dividend reinvestment plan of PepsiCo <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE: PEP)") else Response.Write("(NYSE: PEP)") end if %>, the Frito-Lay snack food and Pepsi Cola soda giant. To enroll in Pepsi's dividend reinvestment plan, you must first own five shares of its stock in certificate form, in your name. You can then enroll with the Drip enrollment forms supplied by Pepsi's Drip transfer agent, Bank of New York. Drip Port bought its first five shares through a broker with a low certificate fee and commission. You can buy your first shares through a broker or through various Drip services, or get shares transferred to your name by a Pepsi-owning friend or family member.

Related Links:
Drip Port's PepsiCo Buy Report Collection
PepsiCo Website, including Drip information

Pepsi's Initial Buy Stats:
Drip Port bought five shares of PepsiCo on July 28, 2000, at $45 per share. Adding a $15 stock certificate commission from the broker, the cost averaged to $48 per share and $240 total. Drip Port had saved three month's worth of $100 investments to make this purchase.