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DRIP Plan Highlights |
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Enrollment |
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Initial Purchase |
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$500 |
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Purchases |
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Minimum purchase |
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$50 |
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Maximum purchase |
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$250,000 |
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Fees |
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Account Setup Fee |
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$5 |
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Automatic investment Fee |
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5% up to $2.50 |
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Optional Cash Purchase |
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5% up to $2.50 |
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Reinvestment Fee |
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5% up to $2.50 |
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$10 |
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N/A |
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Company Web Site |
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Additional Plan Information |
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HD DRIP Details:
The Home Depot Dividend Reinvestment Plan is a middle fo the road DRIP plan that allows for initial investment through the plan. However the plan does have an account setup fee and revinvestment fees which may make it a more or less attractive holding vehicle compared to low cost brokerages such as Sharebuidler depending on your investment style.
Pros:
Allows initial investment through plan.
Cons:
Account setup fee, dividend reinvestment fees