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DRIPs Available Through Temper Enrollment Services
Baxter International Inc. (BAX)
Bristol-Myers Squibb Co. (BMY)
California Water Service (CWT)
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Featured DRIP company for February 2021
Founded in 1856 and headquartered in Golden Valley, Minnesota, General Mills is a leading global manufacturer and marketer of branded consumer foods, such as ready-to-eat breakfast cereals, refrigerated dough and other baking items, snack foods, ice cream, and yogurt. Its portfolio of well-known brands includes Cheerios, Betty Crocker, Pillsbury, Haagen-Dazs, and Yoplait. Sales outside the U.S. account for just less than one fourth of total sales. General Mills is considered a defensive stock, because it provides constant dividend and stable earnings, regardless of the state of the overall stock market, as a consequence of the constant demand for its products. As a defensive stock, it tends to remain stable during the various phases of the business cycle, and tends to perform better than the broader market during recessions.
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Here's why we love DRIP stocks
DRIP Index: MP63
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1/1/94 | Current | % Change | |
MP 63 | 100.00 | 1208.48 | 1108.48 |
MP 63 Industrials (52) | 100.00 | 1275.58 | 1175.58 |
Dow Jones Industrials | 3754.09 | 20894.83 | 456.59 |
S&P 500 | 466.45 | 2394.02 | 413.24 |
NASDAQ Composite | 776.80 | 6133.62 | 689.60 |
Russell 3000 | 270.13 | 1417.54 | 424.76 |
The 63 DRIP stocks that made up that index became, in 1999, the original component companies of the MP63 Fund (DRIPX).
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