Old Point Financial Corporation (ODOP) DRIP
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DRIP Plan Highlights |
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Enrollment |
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Initial Purchase |
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$50 |
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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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$100,000.00 |
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Fees |
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Account Setup
Fee |
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$10.00 |
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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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Old Point Financial Corporation DRIP Details:
Old Point Financial Corporationl is a bank holding company that operates The Old Point National Bank of Phoebus and Old Point Trust & Financial Services, N.A. The Old Point Financial Direct Stock Investment Plan offers a mediocre holding vehicle for your OldPoint investment with an account setup fee, investment fees, but does feature no dividend reinvestment fees. For many DRIP investors, a low cost brokerage such as Sharebuilder would would be your lowest cost holding vehicle for your ODOP investment.
Pros:
No dividend reinvestment fees
Below average automation investment fees
Cons:
Account setup fee
Above average sales fee
Above average one-time investment fee