General Electric (GE) DRIP
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GE DRIP Plan Highlights |
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DRIP Enrollment |
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GE Initial Purchase |
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$250 |
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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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$10,000 |
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Fees |
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Account
Setup Fee |
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$7.50 |
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Automatic
investment Fee |
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$1 |
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Optional
Cash Purchase |
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$3 |
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Reinvestment
Fee |
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$0 |
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Sale Fee |
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$10 |
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Company
Web Site |
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Additional
Plan Information |
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GE DRIP Details:
The General Electric Dividend Reinvestment Plan offers a pretty decent holding vehicle for your GE investment with its $7.5 account setup fee and $3 optional investment fee. The difference between this DRIP and an account at a low cost brokerage such as Sharebuilder would be pretty minimal. If you are looking to dollar cost average with regular automatic investments in small amounts over a long period of time, the GE DRIP will be your lowest cost holding vehicle. However, in general we would have to lean toward considering a low cost brokerages such as Sharebuilder given its ability to allow you to invest in mutiple stocks and no account setup fee for all other investment styles.
Pros:
Initial investment through plan, no dividend reinvestment fee
Cons:
$7.50 account setup fee, $3 optional cash purchase fee