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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.
Consolidated Edison Inc. (ED)
Available from the Temper Enrollment Service: Yes
Last Update On: 01/07/2021:
Consolidated Edison, Inc., through its subsidiaries, engages in regulated electric, gas, and steam delivery businesses in the United States. The company offers electric services to approximately 3.5 million customers in New York City and Westchester County gas to approximately 1.1 million customers in Manhattan, the Bronx, parts of Queens, and Westchester County and steam to approximately 1,589 customers in parts of Manhattan. It also supplies electricity to approximately 0.3 million customers in southeastern New York and northern New Jersey and gas to approximately 0.1 million customers in southeastern New York. The company operates 543 circuit miles of transmission lines 15 transmission substations 64 distribution substations 89,395 in-service line transformers 3,745 pole miles of overhead distribution lines and 2,200 miles of underground distribution lines, as well as 4,318 miles of mains and 376,306 service lines for natural gas distribution. In addition, it owns, operates, and develops renewable and energy infrastructure projects and provides energy-related products and services to wholesale and retail customers, as well as invests in electric and gas transmission projects. The company primarily sells electricity to industrial, commercial, residential, and government customers. Consolidated Edison, Inc. was founded in 1884 and is based in New York, New York. **Taken from Yahoo Finance**
| Industry: | Utility-electric, gas |
| Minimum Investment: | $100.00 |
| Maximum Investment: | 100,000/year |
| Shares to qualify: | 1 |
| Recent Price: | 67.08 |
| Investing Fee: | $2.00 |
| Fee for Dividends: | $0! |
Company Information
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! = Company pays fees
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