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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.

 

 

NiSource Inc. (NI)

Available from the Temper Enrollment Service: Yes


Last Update On: 01/07/2021:

NiSource Inc., an energy holding company, operates as a regulated natural gas and electric utility company in the United States. The company operates through two segments, Gas Distribution Operations and Electric Operations. It provides natural gas service and transportation for residential, commercial, and industrial customers generates, transmits, and distributes electricity and wholesale and transmission transaction services. The company owns and operates two coal-fired electric generating stations with a capacity of 2,080 megawatts (MW) combined cycle gas turbine with a capacity of 571 MW three gas-fired generating units with a capacity of 186 MW and two hydroelectric generating plants with a capacity of 10 MW. It serves approximately 3.5 million natural gas customers in Ohio, Pennsylvania, Virginia, Kentucky, Maryland, and Massachusetts and 476,000 electricity customers in the northern part of Indiana. The company was formerly known as NIPSCO Industries, Inc. and changed its name to NiSource Inc. in April 1999. NiSource Inc. was founded in 1847 and is headquartered in Merrillville, Indiana. **Taken from Yahoo Finance**

Industry: Utility-gas & electric
Minimum Investment: $25.00
Maximum Investment: $250,000 year
Shares to qualify: 1
Recent Price: 21.93
Investing Fee: $5+5¢/sh.
Fee for Dividends: 5% of amount reinvested up to a max of $5

! = Company pays fees

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

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