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A reliable investment strategy: Identify a widely diversified portfolio of high-quality stocks and build up additional holdings at favorable prices.

 

DRIPs can help you do that.

 

Even small investors can follow such a strategy by investing through dividend reinvestment plans (DRIPs). That's because it takes ownership of only a single share of company stock to establish an account. Therefore, there is nothing to stop you from buying companies in a variety of industries.

 

As for buying at favorable prices, dollar-cost averaging virtually assures that you will buy most shares at favorable prices. And DRIPs provide an excellent way to dollar-cost average. These plans allow you to invest cash amounts to buy shares directly from the company. Once you are enrolled in a plan, you can invest amounts of as little as $25 or $50 (or many thousands of dollars) to buy shares or fractions of shares. That's different than the traditional way to invest, which is to pay brokerage fees to buy a certain number of shares.

 

 

Univest Corp. of Pennsylvania (UVSP)

Available from the Temper Enrollment Service: Yes


Last Update On: 09/07/2018:

Univest Corporation of Pennsylvania operates as the holding company for Univest Bank and Trust Co. that provides various commercial and consumer banking, and trust services to individuals, businesses, municipalities, and nonprofit organizations in Pennsylvania. It operates through three segments: Banking, Wealth Management, and Insurance. The Banking segment provides full range of banking services, such as deposit making, loan origination and servicing, mortgage banking, other general banking services, and equipment lease financing for consumers, businesses, and governmental units. The Wealth Management segment offers trust and investment advisory services, guardian and custodian services, and other trust and brokerage services, as well as manages private investment accounts for individuals and institutions. The Insurance segment includes a full-service insurance brokerage agency offering commercial property and casualty insurance, group life and health coverage, employee benefit solutions, personal insurance lines, and human resources consulting services. The company also offers discretionary investment consulting and management, financial planning, investment management services. As of February 28, 2018, it operated through a network of approximately 50 offices in Southeastern Pennsylvania, the Lehigh Valley, and Lancaster, as well as in New Jersey and Maryland. Univest Corporation of Pennsylvania was founded in 1876 and is headquartered in Souderton, Pennsylvania.**Taken from Yahoo Finance**

Industry: Bank holding co.
Minimum Investment: $100.00
Maximum Investment: $5,000/quarter
Shares to qualify: 1
Recent Price: 22.91
Investing Fee: $0.00
Fee for Dividends: $0.00

! = Company pays fees

Information is based on an annual survey and updated when company changes become available.

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