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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.

 

 

United Bankshares, Inc. (UBSI)

Available from the Temper Enrollment Service: Yes


Last Update On: 09/07/2018:

United Bankshares, Inc., a financial holding company, primarily provides commercial and retail banking products and services in the United States. It operates through two segments, Community Banking and Mortgage Banking. The company accepts checking, savings, and time and money market accounts individual retirement accounts and demand deposits, statement and special savings, and NOW accounts. It also offers personal, commercial, floor plan, and student loans construction and real estate loans and consumer loans, including credit card and home equity loans. In addition, the company provides safe deposit boxes, wire transfers, and other banking products and services investment and security, and trust services services to correspondent banks, including check clearing, safekeeping, and buying and selling federal funds automated teller machine services and Internet and telephone banking services. Further, it offers community banking services, such as asset management, real property title insurance, financial planning, mortgage banking, and brokerage services. The company operates 142 full service offices, which consists of 51 offices in West Virginia 86 offices in the Shenandoah Valley region of Virginia and the Northern Virginia, Maryland, and Washington, D.C. metropolitan areas 4 offices in southwestern Pennsylvania and 1 office in southeastern Ohio. United Bankshares, Inc. was incorporated in 1982 and is headquartered in Charleston, West Virginia.**Taken from Yahoo Finance**

Industry: Banking
Minimum Investment: $25.00
Maximum Investment: 10,000/quarter
Shares to qualify: 1
Recent Price: 37.40
Investing Fee: $0.00
Fee for Dividends: $0!

! = Company pays fees

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

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