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legion 01-11-2008 01:44 PM

Well, I got the check FedEx today. It's about $1,400. Apparently my great Grandmother owned 10 shares of the local bank, valued at around $1,600 each for a total of roughly $16,000. I get 1/12th of that.

My check is my portion plus my portion of the last dividend payment. Funny, I didn't get any dividend payments for the last 20 years...

Porsche-O-Phile 01-11-2008 02:24 PM

Good story - Hey $1,400 is a pretty nice thing if not expected! Congrats!

Langers 01-11-2008 09:04 PM

Quote:

Originally Posted by legion (Post 3698611)
Well, I got the check FedEx today. It's about $1,400. Apparently my great Grandmother owned 10 shares of the local bank, valued at around $1,600 each for a total of roughly $16,000. I get 1/12th of that.

My check is my portion plus my portion of the last dividend payment. Funny, I didn't get any dividend payments for the last 20 years...

Damn, I was expecting millions!

Aah well, enjoy the cheque! :)

911Rob 01-12-2008 12:55 AM

Thanks for keeping us tuned in;
better than a kick in the nuts anyway.
Cheers,

Dueller 01-18-2008 11:51 AM

I'd bet her original investment was at $10.00 per share (or $100 total). That would be about right. Dividends were reinvested maybe?

Weird that it didn't split over the years.


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