ITC Holdings (ITC) 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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$50.00 |
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Maximum purchase |
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$250,000.00 |
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Fees |
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Account
Setup Fee |
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None |
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Automatic
Investment Fee |
$2.50 |
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Optional
Cash Investment |
$5.00 |
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Reinvestment
Fee |
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None |
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$15.00 |
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Company
Web Site |
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Additional
Plan Information |
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ITC Holdings Corporation DRIP Details:
ITC Holdings Corporation is a holding company is an independent power transmission company that serves the Midwest. The ITC Holding Direct Stock Investment Plan offers a mediocre holding vehicle for your ITC investment with no account setup fees, no dividend reinvestment fees, but does have investment fees. Depending on your investment style the ITC Holdings DRIP or a low cost brokerage such as Sharebuilder would be your lowest cost holding vehicle for your ITC investment.
Pros:
No dividend investment fees
Lower than average automatic investment fees
No account setup fee
Cons:
Above average one-time investment fees
Above average sales fee