Verizon (VZ) DRIP
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DRIP Plan Highlights |
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Enrollment |
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Initial Purchase |
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$500 |
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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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$6,000,000 |
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Fees |
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Account
Setup Fee |
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$5 |
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Automatic
investment Fee |
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$1 |
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Optional
Cash Purchase |
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$2.50 |
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Reinvestment
Fee |
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5% upto $2 |
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Sale Fee |
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$10 |
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Company
Web Site |
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Additional
Plan Information |
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Verizon DRIP Details:
The Verizon Dividend Reinvestment Plan offers a mediocre holding vehicle for your Verizon investment with its $2.50 investment fee, dividend reinvestment fees, and $5 account setup fee. Depending on your investing style, you may find that the VZ DRIP could be your lowest hosting holding vehicle for your Verizon investment. However we would recommend Sharebuilder or another low cost investment vehicle for long term investors for your VZ investment given its dividend reinvestment fee.
Pros:
$2.50 optional cash purchase fee,
Cons:
$5 account setup fee, 5% dividend reinvestment fee up to $2