Alcoa (AA) DRIP

DRIP Plan Highlights
Enrollment
Please note: This DRIP does not allow initial investments by non-shareholders. Only existing shareholders may enroll in this DRIP.
Minimum shares required to enroll			1 Share
Purchases
Minimum purchase			$25
Maximum purchase			$5,000
Fees
Account Setup Fee			$0
Automatic investment Fee			$1
Optional Cash Purchase			$0
Reinvestment Fee			$0
Sale Fee			$10
Company Web Site			http://www.alcoa.com
Additional Plan Information			Agent Site

AA DRIP Details:
The Alcoa Dividend Reinvestment Plan offers a less than attractive holding vehicle for your Alcoa investment due to its requirement that you already own 1 share to join. If you don’t already own 1 share in certificate form you will likely need to pay brokerages commisions to buy the share and a fee to issue the certificate. You should consider low cost brokerages such as Sharebuilder for your lowest cost holding vehicle.
Pros:
No account setup fee, no optional purchase fee, no dividend reinvestment fee
Cons:
Requires 1 share to join