Cummins Inc (CMI) DRIP
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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$10 |
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Maximum
purchase |
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$24,000 |
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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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None |
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Optional
Cash Purchase |
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None |
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Reinvestment
Fee |
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None |
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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 |
Cummins DRIP Details:
The Cummins Dividend ReInvestment Plan offers an unattractive holding vehicle for your Cummins investment since it requires 1 share to enroll in the plan. For most investors who don't already own Cummins stock, a low cost brokerage such as Sharebuilder will be the lowest cost holding vehicle for your CMI investment.
Pros:
No account setup fee
No optional investment fees
No dividend reinvestment fees
Cons:
Requires 1 share to enroll
Above average stock sale fee