ING Group (ING) DRIP
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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 |
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Maximum purchase |
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$100,000 |
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Fees |
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Account
Setup Fee |
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$18 |
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Automatic
investment Fee |
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$2 |
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Optional
Cash Purchase |
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$3.50 |
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Reinvestment
Fee |
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5% upto
$2.50 |
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$10 |
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Company
Web Site |
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Additional
Plan Information |
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ING Groep DRIP Details:
The ING Dividend Reinvestment Plan offers a mediocre holding vehicle for your ING ADR investment with account setup fees, optional cash purchase fees, and dividend reinvestment fees. Some investors who plan to make ongoing automatic investments may find this ADS DRIP your lowest cost holding vehicle, however, for most investors a low cost brokerage such as Sharebuilder may be the lowest cost holding vehicle for your ING investment.
Pros:
Lower than average automatic investment fee
Cons:
High account setup fee
Dividend reinvestment fees