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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.

 

 

Altria Group Inc. (MO)

Available from the Temper Enrollment Service: Yes


Last Update On: 09/26/2018:

Altria Group, Inc., through its subsidiaries, manufactures and sells cigarettes, smokeless products, and wine in the United States. It offers cigarettes primarily under the Marlboro brand cigars principally under the Black & Mild brand and moist smokeless tobacco products under the Copenhagen, Skoal, Red Seal, and Husky brands. The company also produces and sells varietal and blended table wines, and sparkling wines under the Chateau Ste. Michelle, Columbia Crest, and 14 Hands names and imports and markets Antinori, Torres, and Villa Maria Estate wines, as well as Champagne Nicolas Feuillatte in the United States. In addition, it provides finance leasing services primarily in aircraft, electric power, railcar, real estate, and manufacturing industries. The company sells its tobacco products primarily to wholesalers, including distributors large retail organizations, such as chain stores and the armed services. Altria Group, Inc. was founded in 1919 and is headquartered in Richmond, Virginia.**Taken from Yahoo Finance**

Industry: Tobacco, food, & brewing
Minimum Investment: $50.00
Maximum Investment: $250,000/year
Shares to qualify: 1
Recent Price: 60.93
Investing Fee: $5+3¢/sh.
Fee for Dividends: 5% of amount reinvested up to max of $3

! = Company pays fees

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

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