Century Bancorp Inc (CNKA) 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 |
1 Share |
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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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$120,000 |
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Fees |
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Account
Setup Fee |
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None |
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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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$0.05/share |
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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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Century Bancorp Inc DRIP Details: Century Bancorp Inc is the holding company for Century Bank and Trust Company which operates in Massachusetts. The Century Bancorp Dividend Reinvestment Plan offers a poor holding vehicle for your Century Bancorp investment unless you already have shares as it requires shares to enroll in the plan. For investors without existing Century Bancorp shares a low cost brokerage such as Sharebuilder would be the lowest cost holding vehicle for your CNBKA investment.
Pros:
None
Cons:
Requires 1 share to enroll
Above average sales fee
Dividend reinvestment fees