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DRIP Plan Highlights |
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Enrollment |
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Initial Purchase |
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$1,000 |
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Purchases |
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Minimum |
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$50 |
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Maximum |
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$120,000 |
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Fees |
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Account |
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$6 |
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Automatic |
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$2 |
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Optional |
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$5 |
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Reinvestment |
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10% up to $0.75 |
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$15 |
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Company |
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Additional |
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American Express DRIP Details:
The American Express Dividend Reinvestment Plan offers a unattractive holding vehicle for your AXP investment with its $6 account setup fee, dividend reinvestment fees, and high optional cash purchase fees. For just about all investors, a low cost brokerage such as Sharebuilder will be your lowest cost holding vehicle for your AXP investment.
Pros:
initial investment through plan
Cons:
dividend reinvestment fees, $5 optional investment fee, $6 account setup fee