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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 |
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$50.00 |
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Maximum purchase |
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$120,000.00 |
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Fees |
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Account |
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$10.00 |
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Automatic |
$1.00 |
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Optional |
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$2.50 |
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Reinvestment |
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None |
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$15.00 |
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Company |
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Additional |
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Southwest Airlines DRIP Details:
The Southwest Dividend ReInvestment Plan offers a somewhat attractive holding vehicle for your Southwest investment with its below average investment fees, no dividend reinvestment fees, but does have an account setup fee. For many long term DRIP investors the LUV DRIP will likely be the lowest cost holding vehicle for your LUV investment.
Pros:
Below average optional investment fees
No dividend reinvestment fees
Cons:
Account setup fee
Above average sales fee