Iberiabank Corporation (IBKC) 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			N/A
Maximum purchase			N/A
Fees
Account Setup Fee			None
Automatic Investment Fee			N/A
Optional Cash Purchase			N/A
Reinvestment Fee			None
Withdraw Certificates from plan			$10.00
Company Web Site			http://www.iberiabank.com
Additional Plan Information			Agent Site

IBERIABANK Corporation DRIP Details:
IberiaBank Corporation is a bank holding company that operates Iberia Bank in Louisiana, Arkansas, Tennessee, Alabama, Texas, and Florida. The IberiaBank Dividend Reinvestment Plan offers a poor holding vehicle for your IberiaBank investment as it requires at least 1 share to enroll. For investors who don’t already own IberiaBank shares, a low cost brokerage such as Sharebuilder would most likely be your lowest cost holding vehicle for your IBKC investment.
Pros:
No account setup fees
No dividend reinvestment fees
Cons:
Requires 1 share to enroll
Does not allow for direct investment through plan
Cannot sell investment through plan, only issue stock certificates and fractional shares