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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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$25 |
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Maximum |
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$250,000 |
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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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$0 |
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$15 |
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N/A |
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Company |
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Additional |
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FNM DRIP Details:
The Fannie Mae Dividend Reinvestment Plan is a below average DRIP with its account setup and optional investment fees. However, depedning on your investment style it could be the lowest cost holding vehicle. Also consider low cost brokerages such as Sharebuilder as they make offer a lowest holding cost for you investment.
Pros:
Allows initial investment through plan, no reinvestment fees
Cons:
Account setup fee, optional investment fees