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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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$50.00 |
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Maximum purchase |
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$100,000.00 |
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Fees |
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Account |
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$15.00 |
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Automatic |
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$2.00 |
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Optional |
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$5.00 |
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Reinvestment |
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None |
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$15.00 |
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Company |
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Additional |
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Massey Energy DRIP Details:
The Massey Energy Direct Stock Investment Plan offers a poor holding vehicle for your Massey Energy investment with account setup fees, and optional stock investment fees, but does not charge a dividend reinvestment fees. For most long term investors a low cost brokerage such as Sharebuilder will be the lowest cost holding vehicle for your MEE investment.
Pros:
No dividend reinvestment fees
Low minimum initial investment ($250)
Cons:
Account setup fee
Above average investment fee
Above average stock sale fee