International Business Machines (IBM) DRIP
DRIP Plan Highlights | |||
Initial Investment? | | Yes | |
Min Number of Shares? | N/A | ||
Min Initial Investment | $500 | ||
Min purchase | | $50 | |
Dividend Reinvestment Fees | 2% of the amount reinvested up to a max of $3 | ||
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Account Setup Fee | | $15 | |
Automatic Investment Fee | ` | $1 | |
Optional Cash Purchase Fee | $5 | ||
| | | $15 |
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Company Web Site | | ||
Additional Plan Information | |||
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IBM DRIP Details The IBM DRIP is a middle of the road vehicle for holding your investment. Depending on your investment style this DRIP could be your lowest cost alternative to holding and reinvesting in IBM stock, but it would be advisable to closely consider you situation and the costs for making an investment in a brokerage account like Sharebuilder.
Pros:
Allows initial investment; web based account access
Cons:
Reinvestment Fees, Above-average purchase fees