Company: Macy’s Inc. (M)
*DRIP Club Members are able to acquire or list a share of a company on the DRIP Exchange Page.
Company Profile: Founded in 1858 and based in New York City, MacyÕs operates about 500 stores under the MacyÕs nameplate, nearly 60 stores under the BloomingdaleÕs (full-price and outlet) and Bloomie’s nameplates, and 159 freestanding Bluemercury specialty beauty stores. MacyÕs also operates e-commerce sites and licenses BloomingdaleÕs stores in the United Arab Emirates and Kuwait. WomenÕs apparel, accessories, shoes, cosmetics, and fragrances composed 62% of MacyÕs 2023 sales. -Morningstar.com-
Symbol: M
Recent Price: $15.55
Dividends: $0.69
Yield: 4.44%
Sector: Consumer Cyclical
Industry: partment Stores
Address & Company Phone #: 151 West 34th Street New York NY 10001, 513-579-7780
Transfer Agent: Computershare 866-337-3311
Moody’s Rating: Ba2
Minimum & Maximum Investment: $50 – $120,000/year
Investment Dates: Weekly
Shares to Qualify: 1 Share or $500
Fees: Div.: 3% of amount invested up to $3 Max Cash: $5+10¢/sh. Cert: 0 Sells: by Mail, Phone or Internet for $15+10¢/sh.
52 Week High & Low: $23.19, $10.54