Altria (MO) DRIP
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DRIP Plan Highlights |
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Enrollment |
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Initial Purchase |
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$500 |
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Purchases |
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Minimum
purchase |
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$50 |
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Maximum
purchase |
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$250,000 |
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Fees |
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Account
Setup Fee |
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$10 |
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Automatic
investment Fee |
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$2.50 |
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Optional
Cash Purchase |
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$5 |
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Reinvestment
Fee |
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5% up to $3 |
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Sale Fee |
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$15 |
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Company
Web Site |
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Additional
Plan Information |
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Altria DRIP Details:
The Altria Dividend Reinvestment Plan offers a unattractive holding vehicle for your Altria investment with its $10 account setup fee, high dividend reinvestment fees, and high optional cash purchase fees. For nearly all investors, a low cost brokerage such as Sharebuilder will be your lowest cost holding vehicle for your MO investment
Pros:
initial investment through plan
Cons:
dividend reinvestment fees, $5 optional investment fee, $10 account setup fee