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DRIP Plan Highlights |
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Enrollment |
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Initial Purchase |
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$2,500 |
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Purchases |
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Minimum |
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$100 |
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Maximum |
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$20,000 |
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Fees |
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Account |
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$0.00 |
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Automatic |
$1.50 |
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Optional |
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$5.00 |
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Reinvestment |
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None |
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Sale Fee |
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$15 |
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Company |
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Additional |
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Essex Property Trust DRIP Details:
The Essex Direct Reinvestment Plan offers a potentially attractive investment holding vehicle for your Essex investment if you plan on investing using monthly automatic investments which only cost $1.50 per month. For many DRIP investors the Essex Company Sponsored DRIP may be your lowest cost holding vehicle. Depending on you investing style you may also want to consider a low cost brokerage such as Sharebuilder for your ESS investment.
Pros:
No dividend reinvestment fee
$1.50 Automatic Investment fee
No account setup fee
Cons:
$15 Stock sale fee
$5 optional stock investment fee
Stock investment fee