Author: admindripadvice

DRIP Plan Highlights
Enrollment
Initial Purchase			$1,000
Purchases
Minimum purchase			$50
Maximum purchase			$120,000
Fees
Account Setup Fee			$10
Automatic investment Fee			$0
Optional Cash Purchase			$0
Reinvestment Fee			$0
Sale Fee			$15
Company Web Site			http://www.bankofamerica.com
Additional Plan Information			Agent Site

BAC DRIP Details:
This Bank of America Dividend Reinvestment Plan is your middle of the road DRIP. While the BOA stock plan allows an initial purchase, it is higher than average. It also has a $10 account setup fee. Depending on your investment style you may want to consider looking at a low cost brokerage with free dividend reinvestment such as Sharebuilder.
Pros:
No dividend reinvestment fees
Cons:
$10 account setup fee, higher than average initial purchase

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			$100,000
Fees
Account Setup Fee			$0
Automatic investment Fee			$0
Optional Cash Purchase			$0
Reinvestment Fee			$0.50
Sale Fee			$10
Company Web Site			http://www.axa-financial.com
Additional Plan Information			Agent Site

AXA DRIP Details:
Not much to get excited about with the AXA dividend reinvestment plan. This plan requires 1 share to enroll and has a fee for reinvesting dividends. We would suggest looking at low cost brokerages such as Sharebuilder depending on your investment style to minimize your investment holding costs.
Pros:
No optional investment fees
Cons:
Requires 1 share to enroll, dividend reinvestment fee

DRIP Plan Highlights
Enrollment
Initial Purchase			$250
Purchases
Minimum purchase			$25
Maximum purchase			$150,000
Fees
Account Setup Fee			$10
Automatic investment Fee			$0
Optional Cash Purchase			$0
Sale Fee			$5
Sale Processing Fee			$0.12 per share
Company Web Site			http://www.aep.com/
Additional Plan Information			Agent Site

AEP DRIP Details:
With no optional purchase or reinvestment fees, this is a DRIP plan to consider. However, the $10 initial setup fee makes this holding vehicle less active espically if you will not be using a dollar cost average technique with your investment. Take a look at low cost brokerage accounts such as Sharebuilder make sure your are using the lowest cost holding vehicle for you investment plans.
Pros:
No optional purchase fees, no reinvestment fees
Cons:
$10 Account setup fee

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			$25.00
Maximum purchase			$5,000.00
Fees
Account Setup Fee			$-
Automatic investment Fee			$1.00
Optional Cash Purchase			$-
Sale Fee			$10.00
Company Web Site			http://www.alcoa.com
Additional Plan Information			Agent Site

Alcoa DRIP Details:
A middle of the road investment vehicle, this DRIP requires 1 share to enroll in the account. If you don’t have easy access to at least 1 share, you should consider a low cost brokerage with free dividend reinvestment such as Sharebuilder.
Pros:
No reinvestment fees, no optional purchase fees
Cons:
Requires 1 share to enroll

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			$10.00
Maximum purchase			$20,000.00
Fees
Account Setup Fee			$0
Automatic Investment Fee			$0
Optional Cash Purchase			$0
Sale Fee			$0
Company Web Site			http://www.abbott.com
Additional Plan Information			Agent Site

DRIP Plan Details:
The Abbott Labs DRIP would be one of the best DRIP plans available if it allows for an inital purchase through the plan. As it stands it requires 1 share to enroll. Depending on your investment strategy you may want to consider a low cost broker such as Sharebuilder for your Abbott Labs investment.
Pros:
No purchase fees, no reinvestment fees, no sale fees
Cons:
Requires 1 share to invest

DRIP Plan Highlights
Initial Investment?			Yes
Min Number of Shares?			N/A
Min Initial Investment			$500
Min purchase			$50
Dividend Reinvestment Fees			2% of the amount reinvested up to a max of $3
Account Setup Fee			$15
Automatic Investment Fee		`	$1
Optional Cash Purchase Fee			$5
Sale Fee			$15
Company Web Site			http://www.ibm.com
Additional Plan Information			Agent Site

IBM DRIP Details
The IBM DRIP is a middle of the road vehicle for holding your investment. Depending on your investment style this DRIP could be your lowest cost alternative to holding and reinvesting in IBM stock, but it would be advisable to closely consider you situation and the costs for making an investment in a brokerage account like Sharebuilder.
Pros:
Allows initial investment; web based account access
Cons:
Reinvestment Fees, Above-average purchase fees