American Express (AXP) DRIP
|
DRIP Plan Highlights |
|||
|
Enrollment |
|
|
|
|
Initial Purchase |
|
$1,000 |
|
|
|
|
|
|
|
Purchases |
|
|
|
|
Minimum
purchase |
|
$50 |
|
|
Maximum
purchase |
|
$120,000 |
|
|
|
|
|
|
|
Fees |
|
|
|
|
Account
Setup Fee |
|
$6 |
|
|
Automatic
investment Fee |
|
$2 |
|
|
Optional
Cash Purchase |
|
$5 |
|
|
Reinvestment
Fee |
|
10% up to $0.75 |
|
|
|
|
|
$15 |
|
|
|
|
|
|
Company
Web Site |
|
||
|
Additional
Plan Information |
|
||
American Express DRIP Details:
The American Express Dividend Reinvestment Plan offers a unattractive holding vehicle for your AXP investment with its $6 account setup fee, dividend reinvestment fees, and high optional cash purchase fees. For just about all investors, a low cost brokerage such as Sharebuilder will be your lowest cost holding vehicle for your AXP investment.
Pros:
initial investment through plan
Cons:
dividend reinvestment fees, $5 optional investment fee, $6 account setup fee