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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.
Public Service Enterprise Group Inc. (PEG)
Available from the Temper Enrollment Service: Yes
Last Update On: 01/28/2020:
Public Service Enterprise Group Incorporated, through its subsidiaries, operates as an energy company primarily in the Northeastern and Mid- Atlantic United States. It operates through two segments, PSE&G and Power. The PSE&G segment transmits electricity distributes electricity and gas to residential, commercial, and industrial customers, as well as invests in solar generation projects, and energy efficiency and related programs and offers appliance services and repairs to customers. As of December 31, 2018, it had electric transmission and distribution system of 24,000 circuit miles and 855,000 poles and 18,000 miles of gas mains, 12 gas distribution headquarters, 2 sub-headquarters, and 1 meter shop. This segment also owns and operates 52 switching stations with an aggregate installed capacity of 37,378 megavolt-amperes (MVA), as well as 244 substations with an aggregate installed capacity of 8,228 MVA and 4 electric distribution headquarters and 5 sub-headquarters, as well as 58 natural gas metering and regulating stations. The Power segment operates nuclear, coal, gas, oil-fired, solar, and renewable generation facilities. As of December 31, 2018, it had an installed fossil and nuclear generating capacity of approximately 11,458 megawatts. Public Service Enterprise Group Incorporated was founded in 1985 and is headquartered in Newark, New Jersey. **Taken from Yahoo Finance**
| Industry: | Utility-electric, gas |
| Minimum Investment: | $50.00 |
| Maximum Investment: | $125,000/year |
| Shares to qualify: | 1 |
| Recent Price: | 52.95 |
| Investing Fee: | $0! |
| Fee for Dividends: | $0! |
! = Company pays fees
Information is based on an annual survey and updated when company changes become available.