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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.

 

 

Textron, Inc. (TXT)

Available from the Temper Enrollment Service: Yes


Last Update On: 09/07/2018:

Textron Inc. operates in the aircraft, defense, industrial, and finance businesses worldwide. The company's Textron Aviation segment manufactures and sells business jets, turboprop and piston engine aircraft, and military trainer and defense aircraft and commercial parts, as well as provides maintenance, inspection, and repair services. Its Bell segment provides military and commercial helicopters, tiltrotor aircraft, and related spare parts and services. The company's Textron Systems segment offers unmanned, marine, and land systems simulation, training, and other defense and aviation mission support products and systems airborne and ground-based sensors and surveillance systems, and protection systems advanced precision guided weapons systems armored vehicles, turrets, and related subsystems, as well as marine craft test equipment and electronic warfare test, and training solutions piston aircraft engines and intelligence software solutions. This segment also designs, develops, manufactures, installs, and maintains full flight simulators and offers logistical support and supply chain services. Its Industrial segment offers blow-molded plastic fuel systems catalytic reduction systems plastic bottles and containers golf cars, off-road utility and light transportation vehicles, recreational and all-terrain vehicles, snowmobiles, aviation ground support equipment, professional turf-maintenance equipment, and turf-care vehicles and powered equipment, electrical test and measurement instruments, mechanical and hydraulic tools, cable connectors, fiber optic assemblies, underground and aerial transmission and distribution products, and power utility products for construction, maintenance, telecommunications, data communications, electrical, utility, and plumbing industries. The company's Finance segment provides financing to purchase new and pre-owned aircraft and helicopters. Textron Inc. was founded in 1923 and is headquartered in Providence, Rhode Island.**Taken from Yahoo Finance**

Industry: Aerospace, diversified manufacturer
Minimum Investment: $25.00
Maximum Investment: $120,000/year
Shares to qualify: 1
Recent Price: 55.81
Investing Fee: Co. pays fee
Fee for Dividends: Co. pays fee

! = Company pays fees

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

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