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Investing For Kids

DRIP Stock Starter Portfolio

 

The editors of The Moneypaper have put together a growth-oriented DRIP stock portfolio especially designed for the young investor.

 

This starter portfolio is made up of stocks that have direct investment plans (DRIPs). Each of the portfolio selections has a long history of paying dividends and increasing those dividends regularly. In addition, these stocks produce products and services that your child may know about and like.

To start a portfolio, simply click on the "Buy qualifying share and enroll" button. You can buy a single share of any or all of these companies. The shares will be registered in the child's name and an account will be opened in the company's direct investing plan. After that, continue to invest even small amounts (and remember, there are no fees).


3M Company (MMM):


3M Company develops, manufactures, and markets various products worldwide. It operates through four business segments: Safety & Industrial, Transportation & Electronics, Health Care, and Consumer. The Safety & Industrial segment offers personal safety products, adhesives and tapes, abrasives, closure and masking systems, electrical markets, automotive aftermarket, and roofing granules. The Transportation & Electronics provides electronics, such as display materials and systems, electronic materials solutions automotive, aerospace, and commercial solutions advanced materials and transportation safety products. This segment serves transportation and electronic original equipment manufacturer customers. The Health Care segment offers medical solutions, oral care, separation and purification sciences, health information systems, drug delivery systems, and food safety products. The Consumer segment provides home improvement, home care, and consumer health care products, as well as stationery and office supplies. This segment is also involved in the retail auto care business. The company serves automotive, electronics and automotive electrification, appliance, paper and printing, packaging, food and beverage, construction, medical clinics and hospitals, pharmaceuticals, dental and orthodontic practitioners, health information systems, food manufacturing and testing, consumer and office retail, office business to business, home improvement, drug and pharmacy retail, and other markets. 3M Company was founded in 1902 and is headquartered in St. Paul, Minnesota. **Taken from Yahoo Finance**
Industry: Diversified mfr.Exchange: NYSE
Recent Price: 160.88Fee For Cash: $0!
Min Invest: 10 Max Invest: 10,000/quarter




Hormel Foods Corp. (HRL):


Hormel Foods Corporation produces and markets various meat and food products in the United States and internationally. The company operates through five segments: Grocery Products, Refrigerated Foods, Jennie-O Turkey Store, and International & Other. It offers various perishable meat products, including fresh meats, frozen items, refrigerated meal solutions, sausages, hams, guacamoles, and bacons and shelf-stable products, such as canned luncheon meats, peanut butters, chilies, shelf-stable microwaveable meals, hashes, stews, meat spreads, flour and corn tortillas, salsas, tortilla chips, and other products. The company also provides turkey products nutritional food products and supplements dessert and drink mixes and industrial gelatin products. It sells its products through sales personnel, as well as through independent brokers and distributors. The company was formerly known as Geo. A. Hormel & Company and changed its name to Hormel Foods Corporation in January 1995. Hormel Foods Corporation was founded in 1891 and is headquartered in Austin, Minnesota. **Taken from Yahoo Finance**
Industry: Food processor, marketerExchange: NYSE
Recent Price: 42.95Fee For Cash: $0!
Min Invest: 25 Max Invest: 20,000/quarter




Johnson & Johnson (JNJ):


Johnson & Johnson, together with its subsidiaries, researches and develops, manufactures, and sells various products in the health care field worldwide. It operates in three segments: Consumer, Pharmaceutical, and Medical Devices. The Consumer segment offers baby care products under the JOHNSON'S brand oral care products under the LISTERINE brand beauty products under the AVEENO, CLEAN & CLEAR, DABAO, JOHNSON'S Adult, LE PETITE MARSEILLAIS, NEUTROGENA, and OGX brands over-the-counter medicines, including acetaminophen products under the TYLENOL brand cold, flu, and allergy products under the SUDAFED brand allergy products under the BENADRYL and ZYRTEC brands ibuprofen products under the MOTRIN IB brand and acid reflux products under the PEPCID brand. This segment also provides women's health products, such as sanitary pads and tampons under the STAYFREE, CAREFREE, and o.b. brands wound care products comprising adhesive bandages under the BAND-AID brand and first aid products under the NEOSPORIN brand. The Pharmaceutical segment offers products in various therapeutic areas, including immunology, infectious diseases, neuroscience, oncology, pulmonary hypertension, and cardiovascular and metabolic diseases. The Medical Devices segment provides orthopedic products general surgery, biosurgical, endomechanical, and energy products electrophysiology products to treat cardiovascular diseases sterilization and disinfection products to reduce surgical infection diabetes care products and vision care products, such as disposable contact lenses and ophthalmic products related to cataract and laser refractive surgery. The company markets its products to general public, and retail outlets and distributors, as well as distributes directly to wholesalers, hospitals, and health care professionals for prescription use. It has research and collaboration alliance with Morphic Therapeutic. The company was incorporated in 1887 and is based in New Brunswick, New Jersey. **Taken from Yahoo Finance**
Industry: Health care & consumer productsExchange: NYSE
Recent Price: 131.27Fee For Cash: $0.00
Min Invest: 25 Max Invest: 50,000/year




PepsiCo, Inc. (PEP):


PepsiCo, Inc. operates as a food and beverage company worldwide. The company's Frito-Lay North America segment offers branded dips Cheetos cheese-flavored snacks and Doritos tortilla, Fritos corn, Lay's potato, Ruffles potato, and Tostitos tortilla chips. Its Quaker Foods North America segment provides cereals, rice, pasta, mixes and syrups, granola bars, grits, oat squares, oatmeal, rice cakes, simply granola, and side dishes under the Aunt Jemima, Cap'n crunch, Life, Quaker Chewy, Quaker, and Rice-A-Roni brands. The company's North America Beverages segment offers beverage concentrates, fountain syrups, and finished goods under the Aquafina, Diet Mountain Dew, Diet Pepsi, Gatorade, Mountain Dew, Pepsi, Propel, Sierra Mist, and Tropicana brands and ready-to-drink tea, coffee, and juices. Its Latin America segment provides snack foods under the Cheetos, Doritos, Emperador, Lay's, Marias Gamesa, Rosquinhas Mabel, Ruffles, Sabritas, Saladitas, and Tostitos brands Quaker-branded cereals and snacks and beverage concentrates, fountain syrups, and finished goods under the 7UP, Diet Pepsi, Gatorade, H2oh!, Manzanita Sol, Mirinda, Pepsi, Pepsi Black, and Toddy. The company's Europe Sub-Saharan Africa segment offers snack food under the Cheetos, Chipita, Doritos, Lay's, Ruffles, and Walkers Quaker-branded cereals and snacks beverage concentrates, fountain syrups, and finished goods under the 7UP, Diet Pepsi, Mirinda, Pepsi, Pepsi Max, and Tropicana ready-to-drink tea products and dairy products under the Agusha, Chudo, and Domik v Derevne brands. Its Asia, Middle East and North Africa segment provides snack foods under the Cheetos, Chipsy, Doritos, Kurkure, and Lay's brands cereals and snacks under the Quaker brand beverage concentrates, fountain syrups, and finished goods under the 7UP, Aquafina, Mirinda, Mountain Dew, Pepsi, Sting, and Tropicana brands and ready-to-drink tea products. The company was founded in 1898 and is headquartered in Purchase, New York. **Taken from Yahoo Finance**
Industry: Food and BeverageExchange: NYSE
Recent Price: 132.66Fee For Cash: $5+5¢/sh.
Min Invest: 50 Max Invest: $120,000/year




Union Pacific Corp. (UNP):


Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, engages in the railroad business in the United States. It offers transportation services for agricultural products, including grains, commodities produced from grains, fertilizers, and food and beverage products coal and sand, as well as petroleum, liquid petroleum gases, and renewables and construction products, industrial chemicals, plastics, forest products, specialized products, metals and ores, and soda ash, as well as intermodal and finished vehicles. As of December 31, 2018, its rail network included 32,236 route miles linking Pacific Coast and Gulf Coast ports with the Midwest and Eastern United States gateways. Union Pacific Corporation was founded in 1862 and is headquartered in Omaha, Nebraska. **Taken from Yahoo Finance**
Industry: Transportation, railroadExchange: NYSE
Recent Price: 166.07Fee For Cash: $0!
Min Invest: 50 Max Invest: $250,000/year



How It Works: Our enrollment service will get that single share for you (or more shares if you wish) and get an account open for you in the company direct investment plan.

After that, you can send money to your account and the plan administrator will use the money to buy shares or portions of shares to add to your holdings

You can expect to receive a statement from the company after each optional cash purchase. The bottom of the statement will have a return form for you to use the next time you want to invest money in that company.

Look in your mailbox for annual reports and quarterly statements.

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