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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.

 

 

Target Corp. (TGT)

Available from the Temper Enrollment Service: Yes


Last Update On: 07/19/2019:

Target Corporation operates as a general merchandise retailer in the United States. The company offers beauty and household essentials food assortments, including perishables, dry grocery, dairy, and frozen items and apparel, accessories, home décor products, electronics, toys, seasonal offerings, and other merchandise. The company also provides in-store amenities, such as Target Café, Target Optical, Starbucks, and other food service offerings. It sells its products through its stores and digital channels, including Target.com. As of February 2, 2019, the company operated 1,844 stores. Target Corporation was founded in 1902 and is headquartered in Minneapolis, Minnesota. **Taken from Yahoo Finance**

Industry: Retail stores
Minimum Investment: $50.00
Maximum Investment: 100,000/year
Shares to qualify: 1
Recent Price: 103.49
Investing Fee: $5+3¢/sh.
Fee for Dividends: 5% to $3+3¢/sh.

! = Company pays fees

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

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