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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.

 

 

Verizon Communications Inc. (VZ)

Available from the Temper Enrollment Service: Yes


Last Update On: 09/10/2018:

Verizon Communications Inc., through its subsidiaries, offers communications, information, and entertainment products and services to consumers, businesses, and governmental agencies worldwide. The company's Wireless segment provides wireless voice and data services Internet access on various notebook computers and tablets multimedia, business-focused, and location-based services, as well as international travel services and network access services to deliver various Internet of Things products and services. This segment also provides wireless devices, including smartphones and basic phones, wearables, and tablets and other Internet access devices. As of December 31, 2017, it had 116.3 million retail connections. Its Wireline segment offers traditional circuit-based network products and services networking solutions, comprising private Internet protocol (IP), Ethernet, and software-defined wide area network, as well as cyber security services local exchange, regional, long distance, and toll-free calling services voice messaging and conferencing services and workforce productivity and customer contact center solutions, as well as residential fixed connectivity solutions, including Internet, TV, and voice services under the Fios brand name. This segment also provides premises equipment, as well as installation, maintenance, and site services data, voice, local dial tone, and broadband services primarily to local, long distance, and wireless carriers voice and networking products, Fios services, IP networking, voice solutions, security, and managed information technology services for small and medium businesses, state and local governments, and educational institutions and security and managed network services. The company was formerly known as Bell Atlantic Corporation and changed its name to Verizon Communications Inc. in June 2000. Verizon Communications Inc. was founded in 1983 and is headquartered in New York, New York.**Taken from Yahoo Finance**

Industry: Telecommunications
Minimum Investment: $50.00
Maximum Investment: $200,000/year
Shares to qualify: 1
Recent Price: 57.09
Investing Fee: $5+3¢/sh.
Fee for Dividends: 5% of amount reinvested ($1 min/$3 max)

! = Company pays fees

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

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