First M&F Corporation (FMFC) 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 |
100 Shares |
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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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$5,000 |
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Fees |
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Account
Setup Fee |
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None |
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Automatic
Investment Fee |
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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$10.00 |
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Company
Web Site |
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Additional
Plan Information |
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First M & F Corporation DRIP Details:
First M&F Corporation is a bank holding company that operates M&F Bank in Tennessee, Alabama, and Florida. The First M&F Dividend Reinvestment Plan offers a poor holding vehicle for your M & F Bank investment as it requires at least 1 share to enroll. For investors who don't already own First M&F Corporation shares, a low cost brokerage such as Sharebuilder would most likely be your lowest cost holding vehicle for your FMFC investment.
Pros:
No account setup fees
No dividend reinvestment fees
No investment fees
Cons:
Requires 1 share to enroll