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DRIP Plan Highlights |
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Enrollment |
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Initial Purchase |
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$250 |
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Purchases |
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Minimum |
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$40 |
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Maximum purchase |
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$100,000 |
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Fees |
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Account |
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$15 |
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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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5% upto |
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$15 |
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Company |
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Additional |
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Dime Community Bank DRIP Details:
The Dime Savings Bank Direct Stock Investment Plan offers an unattractive holding vehicle for your Dime Bank investment with account setup fees and optional stock investment fees. For most investors a low cost brokerage such as Sharebuilder will be the lowest cost holding vehicle for your DCOM investment.
Pros:
Low minimum initial investment ($250)
No dividend reinvestment fees
Cons:
Account setup fees
Above average stock sale fee