Showing posts with label dividends. Show all posts
Showing posts with label dividends. Show all posts

Thursday, January 24, 2008

New Rogers Share Certificates Arrive

Yep, they finally showed up. I had sent the share certificate for my 12 shares of Rogers Wireless Communication; Class B shares in a while back to get them exchanged for the RCI:b shares that they were swapped for.

When I opened up the envelope, I beheld two share certificates for 21 shares each. That means that the 2006 stock split doubled my holdings. Along with the certificates, the envelope also included a $23.32 cheque for past dividends and interest. Now if I can just figure out if Computershare will let me do a DRIP. At the quarterly dividends of $10.50 I'll get a whole new share each year. OOOoooohhhhhh. What the hell. It's going to be a couple of years before we get all the unsecured debt paid off and save for the downpayment.

I certainly like what I read in Derek Fosters book "The Lazy Investor". I'm thinking that while we are paying off the debt I can pick up individual shares in the companies I want to hold long term, set up the dividend reinvestment and stock purchase plans. Then in a few years I can begin to sock money into the skeleton I've prepared.

Well, lots more to learn! Good night.