In complex adaptive systems like modern financial markets, a change the price of any one market has ...
Aqua America: The Right DRIP
03/27/2014 7:00 am EST
After a series of sell-offs in January and February, the stocks rebounded; but that good news should not cause us to abandon a logical approach to our investing decisions, explains Vita Nelson, dividend expert and editor of MoneyPaper.
Substituting emotion for reason usually leads us to make poor decisions that will cost us money.
Whether stock prices are at high or low extremes—or somewhere in the middle—we know from experience that following a dollar-cost averaging approach will keep us from investing too much or too little at any given moment.
That should keep us headed in the right direction, no matter what emotions are ruling other people.
Our latest featured dividend reinvestment idea is Aqua America (WTR). Founded in 1968, and headquartered in Bryn Mawr, Pennsylvania, Aqua America operates regulated utilities that provide water or wastewater services in the United States.
It serves residential, commercial, fire protection, industrial, and other utility customers in Pennsylvania, Ohio, Texas, Illinois, North Carolina, New Jersey, Indiana, Virginia, and Georgia.
It also provides operating and maintenance contracts to municipal authorities and other parties, sludge hauling, grease, back-flow prevention, and non-utility raw water supply services for firms in the natural gas and oil drilling industry.
Consensus estimates call for the company to earn about $1.21 per share this year and $1.26 in 2015, compared with $1.16 last year. The dividend, which has been increased for 22 consecutive years, provides a yield of 2.4%.
More from MoneyShow.com:
Related Articles on STOCKS
The oil market is having a hard time getting anything going lately as bearish and bullish forces are...
The equity rebound may have run its course as the S&P 500 faces numerous technical hurdles, repo...
If the 2018 market proved anything it is that you need to own stocks with an earnings backbone. That...