Merck (MRK) DRIP
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DRIP Plan Highlights |
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Enrollment |
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Initial Purchase |
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$350 |
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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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$50,000 |
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Fees |
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Account
Setup Fee |
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$10 |
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Automatic
investment Fee |
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$2 |
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Optional
Cash Purchase |
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$5 |
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Reinvestment
Fee |
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4% upto $2 |
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Sale Fee |
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$5 |
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Company
Web Site |
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Additional
Plan Information |
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Merck DRIP Details:
The Merck Dividend Reinvestment Plan offers a poor holding vehicle for your Merck investment with its $5 investment fee, dividend reinvestment fees, and $10 account setup fee. For most individuals we would recommend Sharebuilder or another low cost investment vehicle for long term investors for your MRK investment given its dividend reinvestment and optional investment fees.
Pros:
$5 sale fee
Cons:
$10 account setup fee, 4% dividend reinvestment fee up to $2, $5 cash purchase fee