S&T Bancorp Inc (STBA) 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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$5,000.00 |
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Fees |
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Account
Setup Fee |
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$15.00 |
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Automatic
Invesment Fee |
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None |
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Optional
Cash Purchase |
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None |
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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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S&T Bankcorp DRIP Details:
The S&T Bank Direct Stock Investment Plan offers a potentially attractive holding vehicle for your S&T Bank investment with no account setup or investment fees, but does charge an initial investment fee. If you setup your account with automatic monthly contributions your initial investment fee could be waived. For investors who setup the automatic monthly investment the S&T Bank DRIP could be the lowest cost holding vehicle for your STBA investment.
Pros:
Lower than average optional investment fees
Low minimum initial investment ($250)
No dividend reinvestment fees
Cons:
Account setup fee unless you setup automatic monthly investments
Above average stock sale fee