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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.

 

 

Verizon Communications Inc. (VZ)

Available from the Temper Enrollment Service: Yes


Last Update On: 01/07/2021:

Verizon Communications Inc. offers communications, information, and entertainment products and services to consumers, businesses, and governmental entities worldwide. Its Consumer segment provides postpaid and prepaid service plans Internet access on notebook computers and tablets wireless equipment, including smartphones and other handsets and wireless-enabled Internet devices, such as tablets, laptop computers and netbooks, and other wireless-enabled connected devices, such as smart watches and other wearables. It also provides residential fixed connectivity solutions, including Internet, video, and voice services and sells network access to mobile virtual network operators. As of December 31, 2019, it had approximately 95 million wireless retail connections, 6 million broadband connections, and 4 million Fios video connections. The company's Business segment provides network connectivity products, including private networking, private cloud connectivity, virtual and software defined networking, and Internet access services and Internet protocol-based voice services, unified communications and collaboration tools, and customer contact center solutions. It also offers a suite of management and data security services domestic and global voice and data solutions, including voice calling, messaging services, conferencing, contact center solutions, and private line and data access networks customer premises equipment installation, maintenance, and site services and IoT products and services. This segment had 25 million wireless retail postpaid connections and 489 thousand broadband connections. The company has strategic partnerships with HERE Technologies and Dignitas Emory Healthcare to develop and test 5G Ultra Wideband-enabled use cases and BuzzFeed. The company was formerly known as Bell Atlantic Corporation and changed its name to Verizon Communications Inc. in June 2000. The company 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: 57.47
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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