Hormel Foods (HRL) DRIP

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			$20,000
Fees
Account Setup Fee			None
Automatic Investment Fee			None
Optional Cash Purchase			None
Reinvestment Fee			None
Withdraw Certificates from plan			$15.00
Company Web Site			http://www.hormelfoods.com
Additional Plan Information			Agent Site

Hormel Foods Corporation DRIP Details:
Hormel Foods Corporation is a multinational food and meat product producer based in Minnesota. The Hormel Foods Dividend Reinvestment Plan offers a poor holding vehicle for your Hormel Foods investment unless you already own shares. For investors who don’t already own Hormel Foods shares, a low cost brokerage such as Sharebuilder would most likely be your lowest cost holding vehicle for your HRL investment.
Pros:
No account setup fees
No dividend reinvestment fees
No investment fees
Cons:
Requires 1 share to enroll