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DRIP Plan Highlights |
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Enrollment |
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Initial Purchase |
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$500 |
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Purchases |
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Minimum purchase |
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$50.00 |
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Maximum |
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$10,000.00 |
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Fees |
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Account |
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$10.00 |
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Automatic |
$2.00 |
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Optional |
$5.00 |
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Reinvestment |
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10% upto |
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$15.00 |
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Company |
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Additional |
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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