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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.
Altria Group Inc. (MO)
Available from the Temper Enrollment Service: Yes
Last Update On: 01/07/2021:
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, as well as provides on! oral nicotine pouches. The company also produces and sells varietal and blended table wines, and sparkling wines under the Chateau Ste. Michelle and 14 Hands names owns Stag's Leap Wine Cellars, Conn Creek, Patz & Hall, and Erath wine brands 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 transportation, power generation, real estate, and manufacturing equipment industries. The company sells its tobacco products primarily to wholesalers, including distributors and large retail organizations, such as chain stores. Altria Group, Inc. was founded in 1822 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: | 44.72 |
| Investing Fee: | $5+3¢/sh. |
| Fee for Dividends: | 5% of amount reinvested up to max of $3 |
Plan Prospectus Info
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