January 15 now over and no dividend in my account----
January 15 comes& goes and no dividend in my account--also very concerned that when I pull up this stock in the ameritrade window, CIG is shown as having "No regular dividends"---this may need legal action
Please start drinking decaffeinated coffee from now on .... the dividend will be paid !!! Today every one expects instant gratification or I wanted it yesterday !!! There could be a Real Brazilian currency exchange factor involved in the delay in order for the exchange to take place ! That is all, a slight delay to get paid a hefty dividend. All you had to do was read what was on the Cemig web cite .... not very hard to understand. I would expect a payment in our accounts no later than the end of the month ! If you are on fixed income & are living off the dividends then I understand how the delay could hurt. Considering the discounted price of this stock & the nice dividend it pays to wait for the stock price to go up the good should more than out weigh ANY delay in payment. Considering how badly this has been taken down the valuations will show back up as the government will not hurt a company that promotes the growth of the country.
I sent Fidelity the special dividend link, and here’s the response:
“The document you sent refers to the ordinary shares of this security which trade abroad. You currently hold the ADR. The company has not yet declared a payable date for the ADR which is why we don't have that information in our system.
Once a payable date is declared, you will receive the dividend on that date.”
Might it be possible that all of us who own the ADR are not going to get any dividend???
Ameritrade is not sure that dividends also are applied to the ADR stock holders of CIG--the rep. was very ambiguous about it all and stated I did not hold the ordinary shares as applies to dividends------------I am very upset seeing that I bought this stock based on the dividend information that was posted on the stock page when I entered the stock symbol on the Ameritrade format---