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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 |
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$50.00 |
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Maximum purchase |
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$10,000.00 |
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Fees |
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Account |
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$7.50 |
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Automatic |
None |
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Optional |
None |
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Reinvestment |
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None |
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Sale Fee |
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$10.00 |
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Company |
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Additional |
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First Commonwealth Financial DRIP Details:
First Commonwealth Financial is a bank holding company that operates First Commonwealth Bank. The First Commonwealth Financial Direct Stock Investment Plan offers a pretty decent holding vehicle for your First Commonwealth investment with no investment fees, no dividend reinvestment fees, but does have an account setup fee. For many investors, the First Commonwealth DRIP could be your lowest cost holding vehicle for your FCF investment.
Pros:
No dividend reinvestment fees
No investment fee
Cons:
Account setup fee