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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.

 

 

LEGGETT & PLATT INC (LEG)

Available from the Temper Enrollment Service: No


Last Update On: 01/28/2020:

Leggett & Platt, Incorporated designs and produces various engineered components and products worldwide. It operates through four segments: Residential Products, Furniture Products, Industrial Products, and Specialized Products. The Residential Products segment offers innersprings, wire forms, and machines to shape wire into various types of springs industrial sewing/finishing machines, conveyor lines, mattress packaging, and glue-drying equipment, as well as quilting machines and structural fabrics, carpet cushions, and geo components. It serves manufacturers of finished bedding, upholstered furniture, packaging, filtration, and draperies retailers and distributors of carpet cushions and contractors, landscapers, road construction companies, and government agencies using geo components. The Furniture Products segment offers molded plywood components bases, columns, back rests, control devices, and casters and frames private-label finished furniture beds and bed frames adjustable beds and steel mechanisms and hardware, and springs and seat suspensions. It serves upholstered and office furniture manufacturers department stores and big box retailers e-commerce retailers and mattress and furniture retailers. The Industrial Products segment offers drawn wires, bedding and furniture components, automotive seat suspension systems, and steel rods. It serves packaging and baling companies, mechanical spring manufacturers, and wire distributors. The Specialized Products segment offers mechanical and pneumatic lumbar support and massage systems, seat suspension systems, motors and actuators, and cables titanium, nickel, and stainless steel tubing, formed tube, and tube assemblies and engineered hydraulic cylinders. It serves automobile and mobile equipment OEMs, and aerospace suppliers. The company sells its products through sales representatives and distributors. Leggett & Platt, Incorporated was founded in 1883 and is headquartered in Carthage, Missouri. **Taken from Yahoo Finance**

Industry:
Minimum Investment:
Maximum Investment:
Shares to qualify:
Recent Price: 29.88
Investing Fee:
Fee for Dividends:

! = Company pays fees

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

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