J.C. Penney Company Inc (JCP) DRIP
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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
purchase |
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$25.00 |
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Maximum purchase |
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$10,000.00 |
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Fees |
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Account
Setup Fee |
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$10.00 |
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Automatic
Investment Fee |
$1.50 |
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Optional
Cash Investment |
$1.50 |
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Reinvestment
Fee |
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None |
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$15.00 |
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Company
Web Site |
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Additional
Plan Information |
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Home Properties Inc DRIP Details: JC Penney operates over 1,100 department store in the US. The J.C.Penney Direct Stock Investment Plan offers a mediocre holding vehicle for your JC Penney investment with its account setup fee, but does offer below average investment fees and no dividend reinvestment fees. For some long term DRIP investors the JC Penney DRIP may be the lowest cost holding vehicle for your JCP investment.
Pros:
No dividend reinvestment fees
Below average investment fees
Cons:
Account setup fee
Above average sales fee