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Spartan Motors, Inc (SPAR) DRIP

DRIP Plan Highlights

Enrollment

 

 

Initial Purchase

 

$250

 

 

 

 

Purchases

 

 

Minimum purchase

 

$25.00

Maximum purchase

 

$10,000.00

 

 

 

 

Fees

 

 

 

Account Setup Fee

 

None

Automatic Invesment Fee

 

$2.50

Optional Cash Purchase

 

$2.50

Reinvestment Fee

 

2% up to $2.50

Sale Fee

 

 

$15.00

 

 

 

 

Company Web Site

 

http://www.spartanmotors.com/

Additional Plan Information

Agent Site



Spartan Motors DRIP Details:
The Spartan Motors Direct Stock Investment Plan offers a mediocre holding vehicle for your Spartan Motors investment with no account setup fees, but does charge optional stock investment fees and dividend reinvestment fees. For many long term investors a low cost brokerage such as Sharebuilder may be the lowest cost holding vehicle for your SPAR investment.

Pros:
No account setup fee
Lower than average optional investment fees
Low minimum initial investment ($250)

Cons:
Above average stock sale fee
Dividend Reinvestment fees