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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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$250,000.00 |
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Fees |
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Account |
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$10.00 |
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Automatic |
$2.50 |
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Optional |
$5.00 |
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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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Steel Dynamics DRIP Details:
Steel Dynamics, Inc produces carbon steel products and is based out of Fort Wayne, Indiana. The Steel Dynamics Direct Stock Investment Plan offers a mediocre holding vehicle for your Steel Dynamics investment with an account setup fee, investment fees, but does feature no dividend reinvestment fees. Depending on your investment style a low cost brokerage such as Sharebuilder or the Steel Dynamics DRIP could be the lowest cost holding vehicle for your STLD investment.
Pros:
Below average automatic investment fees
No dividend reinvestment fees
Cons:
Account setup fee
Above average one-time investment fees
Above average sales fee