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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.

 

 

Lakeland Financial Corp. (LKFN)

Available from the Temper Enrollment Service: Yes


Last Update On: 08/30/2018:

Lakeland Financial Corporation operates as the bank holding company for Lake City Bank that provides various banking products and services in Indiana. The company offers various deposit products, including noninterest bearing deposits interest-bearing checking, savings, and money market deposits and NOW and demand deposits. It also provides commercial and industrial loans, commercial real estate and multi-family residential loans, agri-business and agricultural loans, consumer 1-4 family mortgage loans, and other consumer loans. In addition, the company offers corporate treasury management, wealth advisory, and trust services retail brokerage services, including various financial and investment products, such as annuities and life insurance retail and merchant credit card services and Internet business banking and online treasury management services. It serves commercial real estate, manufacturing, agriculture, construction, retail, wholesale, finance and insurance, accommodation and food services, and health care industries. As of December 31, 2017, the company operated through 49 branch offices in Northern and Central Indiana. Lakeland Financial Corporation was founded in 1872 and is headquartered in Warsaw, Indiana.**Taken from Yahoo Finance**

Industry: Bank holding co.
Minimum Investment: $100.00
Maximum Investment: $5,000/quarter
Shares to qualify: 1
Recent Price: 43.08
Investing Fee: Co. pays fee
Fee for Dividends: Co. pays fee

! = Company pays fees

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

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