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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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$25.00 |
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Maximum |
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$15,000.00 |
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Fees |
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Account |
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$15.00 |
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Automatic |
$2.00 |
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Optional |
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$2.50 |
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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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Xcel Energy DRIP Details:
The Xcel Energy Dividend ReInvestment Plan offers a poor holding vehicle for your Xcel Energy investment with its account setup fee and investment fees. For many investors a low cost brokerage such as Sharebuilder would likely be the lowest cost holding vehicle for your XEL investment.
Pros:
Below average optional investment fees
No dividend reinvestment fees
Cons:
Account setup fee
Above average sales fee