Spartan Motors, Inc (SPAR) 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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$25.00 |
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Maximum purchase |
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$10,000.00 |
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Fees |
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Account
Setup Fee |
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None |
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Automatic
Invesment Fee |
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$2.50 |
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Optional
Cash Purchase |
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$2.50 |
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Reinvestment
Fee |
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2% up to $2.50 |
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$15.00 |
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Company Web
Site |
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Additional
Plan Information |
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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