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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.

 

 

Chemung Financial Corp. (CHMG)

Available from the Temper Enrollment Service: Yes


Last Update On: 08/29/2018:

Chemung Financial Corporation operates as the holding company for Chemung Canal Trust Company that provides a range of banking, financing, fiduciary, and other financial services. It offers demand, savings, and time deposits non-interest and interest-bearing checking accounts and insured money market accounts. The company also provides commercial and agricultural loans primarily consisting of loans to small to mid-sized businesses commercial mortgage loans residential mortgage loans and consumer loans, including home equity lines of credit and home equity loans, as well as letters of credit. In addition, it offers wealth management services comprising services as executor and trustee under wills and agreements guardian, custodian, and trustee services, as well as acts as an agent for pension, profit-sharing, and other employee benefit trusts and various investment, pension, estate planning, and employee benefit administrative services. Further, the company provides mutual funds, securities and insurance brokerage, tax preparation, interest rate swaps, and other services. It operates through 34 branch offices located in 12 counties in New York and Bradford County in Pennsylvania. Chemung Financial Corporation was founded in 1833 and is headquartered in Elmira, New York.**Taken from Yahoo Finance**

Industry: Bank holding co.
Minimum Investment: $25.00
Maximum Investment: 2,000/quarter
Shares to qualify: 1
Recent Price: 42.85
Investing Fee: $0.00
Fee for Dividends: $0.00

! = Company pays fees

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

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