Thank you for your opinion dividend_man. I think I do keep a pretty close eye on my investment. RAI has worked out well and I'm more than happy with the current dividend amount and the stock price appreciation. IMO the proposed merger could work out well, but it also could lead to problems that the company doesn't anticipate.
Thank you for your opinion blackoutbuzz. I'm just concerned whether a merger would negatively affect the amount of the dividend and/or the share price long term. i would rather buy and hold a proven company like RAI.
Thanks for your opinion. When I bought RAI a few years back, it was at a price that had a +5% dividend. Since then the stock price has gone up quite a bit .. :) .. so naturally the dividend percentage is less now. I can live with the current payout, I'm just concerned if there is a possibility that the dollar amount of the dividend might get lowered from what it is now pre-merger.
I received the proxy statement this weekend requesting my vote on the proposed merger/sale. I purchased RAI a few years back for the +5% dividend. Would anyone care to venture an opinion on the future of the RAI dividend if this merger/sale is successfully completed? Thank you.
Please be sure to remember Iran/Contra and all the convictions, the Amnesty Program, raising the debt ceiling many times as well as the huge increase in the national deficit. I can't forget, I voted for him.
The stock became a REIT with a new CUSIP. I talked to GEO shareholder relations and got the information about this. They were very helpful. I was told that my stockbroker needs to read the SEC filing and the letter that GEO sent out through their Transfer Agent regarding this change. It is basically the same company, only now a REIT. Once my stockbroker received the information, they took care of this minor problem.