Alcoa (AA) 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 |
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1 Share |
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Purchases |
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Minimum
purchase |
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$25 |
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Maximum
purchase |
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$5,000 |
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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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$1 |
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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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$10 |
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Company
Web Site |
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Additional
Plan Information |
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AA DRIP Details:
The Alcoa Dividend Reinvestment Plan offers a less than attractive holding vehicle for your Alcoa investment due to its requirement that you already own 1 share to join. If you don't already own 1 share in certificate form you will likely need to pay brokerages commisions to buy the share and a fee to issue the certificate. You should consider low cost brokerages such as Sharebuilder for your lowest cost holding vehicle.
Pros:
No account setup fee, no optional purchase fee, no dividend reinvestment fee
Cons:
Requires 1 share to join