Please login below, for login help
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.
American Electric Power (AEP)
Available from the Temper Enrollment Service: Yes
Last Update On: 01/07/2021:
American Electric Power Company, Inc., an electric public utility holding company, engages in the generation, transmission, and distribution of electricity for sale to retail and wholesale customers in the United States. It operates through Vertically Integrated Utilities, Transmission and Distribution Utilities, AEP Transmission Holdco, and Generation & Marketing segments. The company generates electricity using coal and lignite, natural gas, nuclear, and hydroelectric, as well as solar, wind, and other energy sources. It also supplies and markets electric power at wholesale to other electric utility companies, rural electric cooperatives, municipalities, and other market participants. The company owns, leases, or controls approximately 4,004 railcars, 468 barges, 8 towboats, and a coal handling terminal with approximately 18 million tons of annual capacity. American Electric Power Company, Inc. was founded in 1906 and is headquartered in Columbus, Ohio. **Taken from Yahoo finance**
| Industry: | Utility-electric |
| Minimum Investment: | $25.00 |
| Maximum Investment: | 150,000/year |
| Shares to qualify: | 1 |
| Recent Price: | 80.47 |
| Investing Fee: | $0! |
| Fee for Dividends: | $0! |
Transfer Agent Information
Your subscription status does not entitle you to access this information. You may review subscription options under the "Subscribe" link on the top menu bar.
You may also sign up for a free guest pass here to view this company's detailed information.
! = Company pays fees
Information is based on an annual survey and updated when company changes become available.