American Electric Power (AEP) DRIP
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DRIP Plan Highlights |
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Enrollment |
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Initial Purchase |
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$250 |
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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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$150,000 |
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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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$0 |
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Optional
Cash Purchase |
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$0 |
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$5 |
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$0.12 per share |
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Company
Web Site |
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Additional
Plan Information |
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AEP DRIP Details:
With no optional purchase or reinvestment fees, this is a DRIP plan to consider. However, the $10 initial setup fee makes this holding vehicle less active espically if you will not be using a dollar cost average technique with your investment. Take a look at low cost brokerage accounts such as Sharebuilder make sure your are using the lowest cost holding vehicle for you investment plans.
Pros:
No optional purchase fees, no reinvestment fees
Cons:
$10 Account setup fee