ArcelorMittal (MT) DRIP
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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$50.00 |
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Maximum purchase |
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$100,000.00 |
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Fees |
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Account
Setup Fee |
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$10.00 |
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Automatic
Investment Fee |
$5.00 |
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Optional
Cash Investment |
$5.00 |
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Reinvestment
Fee |
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None |
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$10.00 |
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Company
Web Site |
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Additional
Plan Information |
ArcelorMittal DRIP Details:
ArcelorMittal is an integrated steel and mining company based out of Luxembourg with ADR shares. The Arcelor Mittal Direct Stock Investment offers a subpar holding vehicle for your ArcelorMittal investment with its $10 account setup fee and investments fees, but does feature no dividend reinvestment fees. For most investors a low cost brokerage such as Sharebuilder would be your lowest cost holding vehicle for your MT investment.
Pros:
No dividend investment fees
Cons:
Account setup fee
Above average investment fees