Macys, Inc (M) DRIP
|
DRIP Plan Highlights |
|||
|
Enrollment |
|
|
|
|
Initial Purchase |
|
$500 |
|
|
|
|
|
|
|
Purchases |
|
|
|
|
Minimum purchase |
|
$50.00 |
|
|
Maximum
purchase |
|
$10,000.00 |
|
|
|
|
|
|
|
Fees |
|
|
|
|
Account
Setup Fee |
|
$10.00 |
|
|
Automatic
Investment Fee |
$2.00 |
||
|
Optional
Cash Investment |
$5.00 |
||
|
Reinvestment
Fee |
|
10% upto
$3 |
|
|
|
|
|
$15.00 |
|
|
|
|
|
|
Company
Web Site |
|
||
|
Additional
Plan Information |
|||
Macys Inc DRIP Details: Macys Inc operates Macys and Bloomingdale department stores. The Macys Inc Direct Stock Investment Plan offers a subpar holding vehicle for your Macys investment with its account setup fee, investment fees and dividend reinvestment fees. For most long term DRIP investors a low cost brokerage such as Sharebuilder would be the lowest cost holding vehicle for your M investment.
Pros:
Below average electronic investment fees
Cons:
Account setup fee
Above average sales fee
Dividend reinvestment fees