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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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$250 |
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Maximum |
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$120,000 |
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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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$3.50 |
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Optional |
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$3.50 |
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Reinvestment |
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5% upto |
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$15.00 |
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Company |
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Additional |
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Newport Corporation DRIP Details:
The Newport Corporation Direct Stock Purchase and Dividend Reinvestment Plan offers an unattractive holding vehicle for your Newport investment with enrollment fees, purchase fees, dividend reinvestment fees, and above average sales fees. For most long term investors a low cost broker such as Sharebuilder would be your lowest cost holding vehicle for your NEWP investment.
Pros:
Below average investment fee
Cons:
Account Setup Fee
Dividend reinvestment fees
Above average investment sale fee