I notice that I've been getting dividends for the past few weeks on my holdings of what used to be AMY/AMYRZ at a rate close to $0.0414/share. This was the monthly dividend rate. Any insight as to what's happening?
AmREIT, Inc. Announces January 2010 Dividends and Releases 2009 Share Valuation & 2009 Dividend Tax Status January 22, 2010 03:43 PM Eastern Time HOUSTON--(EON: Enhanced Online News)--AmREIT, Inc., a Houston based real estate company that has elected to be taxed as a real estate investment trust, announced January 2010 dividends on its common shares. The Board of Directors of AmREIT, Inc. declared a dividend of $0.0414 per share for the month of January 2010 that will be paid on January 29, 2010 to shareholders of record as of January 20, 2010.
We have estimated the value per AmREIT, Inc. share to be $9.50 as of December 31, 2009. We are providing this estimated value per share in accordance with the National Association of Securities Dealers (which is the former name of the Financial Industry Regulatory Authority, “FINRA”) Conduct Rule 2340 as required by FINRA. This estimated value per share was determined by the AmREIT, Inc. Board of Directors in connection with the merger of AmREIT and REITPlus, Inc. (former name of AmREIT, Inc.) consummated on November 24, 2009. This value was supported by individual real estate appraisals and confirmed by a fairness opinion issued by KeyBanc Capital Markets.
1) You are getting your dividend 2) Read the last 10q, it is posted on website 3) Probably won't have much news coming from company, but I suspect that a deal is in the works. Why? A hunch, I think they will be making a significant acquistion either directly or in conjunction with a large outside financial institution. 4) Sit back and enjoy the dividend in the meantime.