Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

The Grandson Project, Part V

All information is taken from www.directinvesting.com and the transfer agent's web site.

Moving on to the next company:

Hasbro Inc. (HAS) -- NASDAQ

Industry: Manufactures toys and games

Number of shares needed to join the DRIP: 1 Share(s)

  • In order to participate in Hasbro's DRIP, you need to be an existing shareholder. This can be done by purchasing shares from a discount broker and having them sent to the transfer agent.
  • Or using a service such as Temper of the Times Investor Services, Inc., through www.directinvesting.com. Temper charges a $30 fee for DRIP Club Members or $60 for members of the general public, in addition to the price of the stock, to purchase shares and set up each account with the transfer agent.

Minimum amount accepted by the plan for subsequent investments: $25.00

Maximum amount accepted by the plan for subsequent investments: 24,000/year

Fees charged by plan for subsequent investments: Co. pays fee

Fees charged by plan for dividend reinvestment: Co. pays fee

Recent Price: $40.95

HAS is a dividend Contender having raised its dividend for 10 consecutive years. The stock is currently yielding 3.9%, for a quarterly dividend of $.40. The portfolio currently holds 5.289355 shares. The reoccurring monthly investment I've added is $50.00, enough to purchase at least 1 additional share per month.

H.J. Heinz Company (HNZ) -- NYSE

  • Berkshire and 3G Capital have announced a tender offer for The H.J. Heinz Company. The company is in the process of being taken private. So, I would not recommend setting up a DSP/DRIP at this time. If the buyout doesn't materialize, then that would be the time to reconsider. Presently the portfolio holds 4.117 shares. I have cancelled monthly investments, pending the tender offer.
  • Warren Buffett really is the Grinch

Johnson & Johnson (NYSE:JNJ) -- NYSE

Industry: Health care & consumer products

Number of shares needed to join the DRIP: 1 Share(s)

  • Note: In order to participate in Johnson & Johnson's DRIP, you need to be an existing shareholder. This can be done by purchasing shares from a discount broker, having them registered to your name, and sent to the transfer agent: www.computershare.com.
  • Or use a service such as Temper of the Times Investor Services, Inc., through www.directinvesting.com. Temper charges a $30 fee for DRIP Club Members or $60 for members of the general public, in addition to the price of the stock, to purchase shares and set up each account with the transfer agent.

Minimum amount accepted by the plan for subsequent investments: $25.00

Maximum amount accepted by the plan for subsequent investments: 50,000/year

Fees charged by plan for subsequent investments: Co. pays fee

Note: There is a $1 ACH fee that, the company does not pay, on each transaction.

Fees charged by plan for dividend reinvestment: Co. pays fee

Recent Price: $77.39

JNJ is a dividend Champion having raised its dividend for the past fifty years. The stock is currently yielding 3.1%, for a quarterly dividend of $.61. The portfolio currently holds 4.447323 shares. The reoccurring monthly investment I've added is $85.00, enough to purchase at least 1 additional share per month.

Kellogg Company (NYSE:K) -- NYSE

Industry: Food Processing

Number of shares needed to join the DRIP: 1 Share(s)

  • This can be done by purchasing shares from a discount broker, having them registered in your name, and sent to the transfer agent.
  • Or, purchased through Temper of the Times Investor Services, Inc. Temper charges a $30 fee for DRIP Club Members or $60 for members of the general public, in addition to the price of the stock, to set up each account with the transfer agent.
  • If the account is established directly with the transfer agent www.shareowneronline.com, the minimum initial investment it $50 which includes the $15 fee to setup the account.

Minimum amount accepted by the plan for subsequent investments: $25.00

Maximum amount accepted by the plan for subsequent investments: $100,000/year

Fees charged by plan for subsequent investments: $0!

Fees charged by plan for dividend reinvestment: $0!

Recent Price: $61.42

K is a dividend Challenger having raised its dividend for the past eight years. The stock is currently yielding 2.9%, for a quarterly dividend of $.44. The portfolio currently holds 4.512 shares. The reoccurring monthly investment I've added is $70.00, enough to purchase at least 1 additional share per month.

Norfolk Southern Corp. (NYSE:NSC) -- NYSE

Industry: Railroads

Number of shares needed to join the DRIP: 1 Share(s)

  • This can be done by purchasing shares from a discount broker, having them registered in your name, and sent to the transfer agent.
  • Or, purchased through Temper of the Times Investor Services, Inc. And Temper charges a $30 fee for DRIP Club Members or $60 for members of the general public, in addition to the price of the stock, to purchase shares and set up each account with the transfer agent.
  • If the account is established directly with the transfer agent: www.amstock.com, the initial investment is $250.

Minimum amount accepted by the plan for subsequent investments: $25.00

  • www.directinvesting.com indicates the minimum subsequent investment is $50. The plan detail on amstock.com indicates the minimum subsequent investment is $25.
  • It is a bit difficult changing subsequent investments. In order to increase/decrease amounts, another 'one time' investment (minimum $25) must be made.

Maximum amount accepted by the plan for subsequent investments: $10,000/investment

Fees charged by plan for subsequent investments: $0!

Fees charged by plan for dividend reinvestment: $0!

Recent Price: $74.40

NSC is a dividend Contender having raised its dividend for the past eleven years. The stock is currently yielding 2.7%, for a quarterly dividend of $.50. The portfolio currently holds 8.153 shares. The reoccurring monthly investment I've added is $85.00, enough to purchase at least 1 additional share per month.

Senior Housing Properties Trust (NYSE:SNH) -- NYSE

Industry: REIT

Number of shares needed to join the DRIP: 1 Share(s)

  • In order to participate in Senior Housing Properties Trust DRIP, you need to be an existing shareholder. This can be done by purchasing shares from a discount broker, having them registered in your name, and sent to the transfer agent.
  • Or use a service such as Temper of the Times Investor Services, Inc., through www.directinvesting.com. Temper charges a $30 fee for DRIP Club Members or $60 for members of the general public, in addition to the price of the stock, to set up each account with the transfer agent www.shareowneronline.com.

Minimum amount accepted by the plan for subsequent investments: $0.00

  • Subsequent investments are made quarterly, as opposed to monthly.

Maximum amount accepted by the plan for subsequent investments: $10,000/quarter

Fees charged by plan for subsequent investments: Co. pays fee

Fees charged by plan for dividend reinvestment: Co. pays fee

Recent Price: $25.39

SNH is a dividend Challenger having raised its dividend for the past 9 years. The stock is currently yielding 6.1%, for a quarterly dividend of $.39. The portfolio currently holds 8.058 shares. The reoccurring quarterly investment I've added is $90.00, enough to purchase 3 additional shares per quarter.

Next: Compounding Math....

Disclosure: I am long COP, DPS, GE, HAS, HNZ, JNJ, K, NSC, SNH.