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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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$50 |
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Maximum |
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$350,000 |
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Fees |
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Account |
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$10 |
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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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LXBK DRIP Details:
The LSB Bancshares offers a below average dividend reinvestment plan due to its high optional investment fees and account setup fee. Depending on your investment style you should consider low cost brokerages such as Sharebuilder for you lowest cost holding vehicle.
Pros:
Initial investment thorugh plan, free dividend reinvestment
Cons:
$10 account setup fee, $5 optional investment fee