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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.

 

 

American Water Works (AWK)

Available from the Temper Enrollment Service: Yes


Last Update On: 07/18/2019:

American Water Works Company, Inc., through its subsidiaries, provides water and wastewater services in the United States and Canada. It offers water and wastewater services to approximately 1,600 communities in 16 states serving approximately 3.4 million active customers. The company serves residential customers commercial customers, such as food and beverage providers, commercial property developers and proprietors, and energy suppliers fire service and private fire customers industrial customers, such as large-scale manufacturers, mining, and production operations public authorities comprising government buildings and other public sector facilities and other utilities and community water and wastewater systems. It also provides various warranty protection programs to residential and smaller commercial customers water and wastewater services on various military installations and customized water transfer services for shale natural gas exploration and production companies. In addition, the company undertakes contracts with municipal, commercial, and industrial customers, primarily to operate and manage water and wastewater facilities, as well as offers other related services. It operates approximately 81 surface water treatment plants 530 groundwater treatment plants 10 combined treatment plants 130 wastewater treatment plants 51,000 miles of transmission, distribution, and collection mains and pipes 1,000 groundwater wells 1,400 water and wastewater pumping stations 1,300 treated water storage facilities and 80 dams. The company serves approximately 14 million people with drinking water, wastewater, and other water-related services in 46 states in the United States and Ontario, Canada. The company was founded in 1886 and is headquartered in Camden, New Jersey. **Taken from Yahoo Finance**

Industry: Utility-Water
Minimum Investment: $25.00
Maximum Investment: $200,000/year
Shares to qualify: 1
Recent Price: 120.90
Investing Fee: $0!
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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