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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.

 

 

Manitowoc Company Inc. (MTW)

Available from the Temper Enrollment Service: Yes


Last Update On: 09/05/2018:

The Manitowoc Company, Inc. provides engineered lifting equipment for the construction industry in the Americas, Europe, Africa, the Middle East, and the Asia Pacific. It designs, manufactures, and distributes crawler-mounted lattice-boom cranes under the Manitowoc brand a line of top-slewing and self-erecting tower cranes under the Potain brand mobile telescopic cranes under the Grove brand and a line of hydraulically powered telescopic boom trucks under the National Crane brand. The company also provides crane product parts and services and crane rebuilding, remanufacturing, and training services under the Manitowoc Crane Care brand. Its products are used in various applications, including energy production/distribution and utilities petrochemical and industrial projects infrastructure applications, such as road, bridge, and airport construction and commercial and high-rise residential construction. The Manitowoc Company, Inc. was founded in 1853 and is based in Milwaukee, Wisconsin.**Taken from Yahoo Finance**

Industry: Machinery
Minimum Investment: $10.00
Maximum Investment: $120,000/year
Shares to qualify: 1
Recent Price: 16.09
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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