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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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$100 |
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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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$2.00 |
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Optional |
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$5.00 |
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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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UPS DRIP Details:
The United Parcel Service Direct Stock Purchase and Dividend Reinvestment Plan offers a poor investment vehicle for your UPS investment with enrollment fee, investment fees, dividend reinvestment fees, and above average stock sales fee. For most long term investors, a low cost brokerage would be the lowest cost holding vehicle for your UPS investment.
Pros:
None
Cons:
Account setup fee
Dividend reinvestment fees
Above average stock sales fee ($15)