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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.

 

 

Wayne Savings Bancshares, Inc. (WAYN)

Available from the Temper Enrollment Service: Yes


Last Update On: 09/07/2018:

Wayne Savings Bancshares, Inc. operates as the unitary thrift holding company for Wayne Savings Community Bank that provides a range of consumer and business financial services to individuals, business, and other organizations in the United States. The company accepts consumer and commercial deposits comprising checking, savings, money market accounts, term certificate of deposit, and individual retirement accounts. It also originates one-to-four family residential real estate, multi-family residential, commercial, and nonresidential real estate loans, as well as non-real estate, secured commercial, consumer, and construction loans. The company also invests in mortgage-backed securities, obligations issued by state and political subdivisions, and a small position of private-label collateralized mortgage obligations, as well as in other liquid investments, such as the United States government securities, federal funds, and deposits in other financial institutions. It has 11 full-service banking locations in the communities of Wooster, Ashland, Millersburg, Rittman, Lodi, North Canton, and Creston, Ohio. Wayne Savings Bancshares, Inc. was founded in 1899 and is based in Wooster, Ohio.**Taken from Yahoo Finance**

Industry: Bank holding co.
Minimum Investment: $100.00
Maximum Investment: $2,500/quarter
Shares to qualify: 50
Recent Price: 18.61
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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