3M (MMM) DRIP
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DRIP Plan Highlights |
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Enrollment |
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Please note: This DRIP does not allow initial
investments by non-shareholders. Only existing shareholders may enroll in
this DRIP. |
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Minimum shares
required to enroll |
1 Share |
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Purchases |
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Minimum
purchase |
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$10 |
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Maximum
purchase |
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$10,000 |
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Fees |
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Account
Setup Fee |
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$0 |
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Automatic
investment Fee |
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$0 |
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Optional
Cash Purchase |
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$0 |
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Reinvestment
Fee |
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$0 |
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Sale Fee |
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$10 |
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Company
Web Site |
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Additional
Plan Information |
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MMM DRIP Details:
The 3M Dividend Reinvestment Plan offers a less than attractive holding vehicle for your 3M investment since it requires 1 share to enroll. The cost to buy 1 share and issue the certificate through a brokerage likely outweigh the benefit of the DRIP. You could consider low cost brokerages such as Sharebuilder for your lowest cost holding vehicle.
Pros:
low $10 minimum purchase, no dividend reinvestment fees, no optional cash purchase fees.
Cons:
1 share required to enroll