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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.

 

 

Omnova Solutions Inc. (OMN)

Available from the Temper Enrollment Service: Yes


Last Update On: 09/05/2018:

OMNOVA Solutions Inc. provides emulsion polymers, specialty chemicals, and engineered surfaces for various commercial, industrial, and residential end uses in the United States, Europe, and Asia. The company operates in two segments, Specialty Solutions and Performance Materials. The Specialty Solutions segment designs, develops, produces, and markets specialty polymers which are used in various applications, such as architectural and industrial coatings nonwovens used in hygiene products, filtration, and construction drilling additives for oil and gas drilling, cementing, and fracking elastomeric modification of plastic casings and hoses used in household, industrial products, and automobiles tapes and adhesives sports surfaces textile finishes commercial building refurbishment new construction residential cabinets flooring ceiling tiles furnishings manufactured housing health care patient common area furniture and various industrial films applications. This segment primarily sells its products directly to manufacturers. The Performance Chemicals segment produces resins, binders, antioxidants, hollow plastic pigments, coated fabrics, and rubber reinforcing products which are used in tire cord, polymer stabilization, industrial rubber, carpet, paper, and various other applications. This segment distributes its products primarily through a direct sales force and agents to manufacturers of retail store fixtures, cabinets, furniture, seating, health care components, and other products. OMNOVA Solutions Inc. was founded in 1999 and is headquartered in Beachwood, Ohio.**Taken from Yahoo Finance**

Industry: Manufacturer of chemical products
Minimum Investment: $50.00
Maximum Investment: $120,000/year
Shares to qualify: 1
Recent Price: 7.01
Investing Fee: $0!
Fee for Dividends: $0!

! = Company pays fees

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

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