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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 as much as you can afford) 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.
Honeywell International Inc. (HON)
Available from the Temper Enrollment Service: Yes
Last Update On: 01/07/2021:
Honeywell International Inc. operates as a diversified technology and manufacturing company worldwide. Its Aerospace segment offers auxiliary power units, propulsion engines, integrated avionics, environmental control and electric power systems, engine controls, flight safety, communications, navigation hardware, data and software applications, radar and surveillance systems, aircraft lighting, advanced systems and instruments, satellite and space components, and aircraft wheels and brakes spare parts repair, overhaul, and maintenance services thermal systems and connected solutions and data services for aftermarket, as well as wireless connectivity, and management and technical services. The company's Honeywell Building Technologies segment offers advanced software applications for building control and optimization sensors, switches, control systems, and instruments for energy management access control video surveillance fire products remote patient monitoring systems e-cooling heat transfer agents and installation, maintenance, and upgrades of systems. Its Performance Materials and Technologies segment offers automation control, instrumentation, and software and related services catalysts and adsorbents, equipment, and consulting and materials used to manufacture end products, such as bullet-resistant armor, nylon, computer chips, and pharmaceutical packaging, as well as Honeywell forge connected solutions. The company's Safety and Productivity Solutions segment provides personal protection equipment, apparel, gear, and footwear gas detection technology cloud-based notification and emergency messaging mobile devices and software supply chain and warehouse automation equipment, and software and solutions custom-engineered sensors, switches, and controls and software-based data and asset management productivity solutions. It has strategic alliance with Signify. The company was incorporated in 1985 and is headquartered in Charlotte, North Carolina. **Taken from Yahoo Finance**
| Industry: | Automotive, chemicals, aerospace |
| Minimum Investment: | $25.00 |
| Maximum Investment: | 120,000/year |
| Shares to qualify: | 1 |
| Recent Price: | 202.25 |
| Investing Fee: | $0! |
| Fee for Dividends: | $0! |
! = Company pays fees
Information is based on an annual survey and updated when company changes become available.