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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.

 

 

Sonoco Products Company (SON)

Available from the Temper Enrollment Service: Yes


Last Update On: 09/10/2018:

Sonoco Products Company manufactures and sells industrial and consumer packaging products in North and South America, Europe, Australia, and Asia. The company operates through four segments: Consumer Packaging, Display and Packaging, Paper and Industrial Converted Products, and Protective Solutions. The Consumer Packaging segment offers composite and thermoformed plastic round and shaped rigid containers and trays extruded and injection-molded plastic products printed flexible packaging products brand artwork management and metal and peelable membrane ends and closures. The Display and Packaging segment offers point-of-purchase displays supply chain management services comprising contract packing, fulfillment, and scalable service centers retail packaging, including printed backer cards, thermoformed blisters, and heat sealing equipment and paper amenities, such as coasters and glass covers. The Paper and Industrial Converted Products segment provides paperboard tubes and cores fiber-based construction tubes and forms wooden, metal, and composite wire and cable reels and spools and recycled paperboard, linerboard, corrugating medium, recovered paper, and material recycling services. The Protective Solutions segment provides custom-engineered, paperboard-based, and expanded foam protective packaging and components and temperature-assured packaging products. The company sells its products in various markets, which include paper, textile, film, food, chemical, packaging, construction, and wire and cable. Sonoco Products Company was founded in 1899 and is headquartered in Hartsville, South Carolina.**Taken from Yahoo Finance**

Industry: Industrial & consumer packaging products
Minimum Investment: $50.00
Maximum Investment: $10,000/month
Shares to qualify: 1
Recent Price: 55.55
Investing Fee: 10¢/sh.
Fee for Dividends: 10¢/sh.

! = Company pays fees

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

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