Webster (WBS) 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 |
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Maximum
purchase |
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$60,000 |
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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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$2.00 |
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Optional
Cash Purchase |
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$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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Webster Financial Corporation DRIP Details:
The Webster Bank Direct Stock Purchase and Dividend Reinvestment Plan offers a mediocre investment vehicle for your Webster investment with enrollment fee, below average investment fees, but features no dividend reinvestment fees. Depending on your investment style a low cost brokerage such as Sharebuilder or the Webster Bank DRIP, would be your lowest cost holding vehicle for your WBS investment.
Pros:
Below average automatic investment fees
No dividend reinvestment fees
Cons:
Account setup fee ($15)
Above average stock sale fee ($15)