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DRIP Plan Highlights |
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Enrollment |
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Initial Purchase |
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$100 |
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Purchases |
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Minimum |
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$100.00 |
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Maximum |
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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 |
$1.00 |
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Optional |
$2.50 |
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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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CSXCorporation DRIP Details:
The CVS Caremark Direct Stock Investment Plan offers a mediocre holding vehicle for your CVS investment with an account setup fee and investment fees, but does feature no dividend reinvestment fees. Depending on your investment style the CVS DRIP or a low cost brokerage such as Sharebuilder would be your lowest cost holding vehicle for your CVS investment.
Pros:
No dividend reinvestment fees
Below average investment fees
Cons:
Account setup fee