American Capital Strategies announced that it will be acquiring all of the ordinary shares of European Capital held by other investors. European Capital shareholders will be getting about 1/3 of ACAS share in exchange for their stock. Furthermore ACAS announced that it won't pay any more dividends for the remainder of 2008.
This doesn't really come as a shock to me as ACAS stock price has been falling for several months after I considered it a must own dividend stock and bought some shares in this business development company. With the stock being off over 40% as of now I guess I should have sold at the open if I had seen the news earlier. Anyways I am planning on selling my ACAS position.
Disclosure: Long ACAS
Popular Posts
-
I review the list of dividend increases weekly, in an effort to monitor the existing dividend growth investing universe from a different ang...
-
Welcome to my latest weekly review of dividend increases. As part of my monitoring process, I review dividend increases that occured over ...
-
I review the list of dividend increases every single week, as part of my monitoring process. It's a boring activity, which teaches me le...
-
The US Stock Market has delivered great returns for patient long-term investors. You just need to have a 20 - 30 year timeframe, and avoid p...
-
Note: Article was originally posted in August 2020 The Dow Jones Industrials average is the oldest continuously updated stock index in the U...
-
One of the best reads is " Agony & Ecstasy " by JP Morgan from 2014. It found that 40% of all stocks experienced catastrophic...
-
The S&P Dividend Aristocrats index tracks companies in the S&P 500 that have increased dividends every year for at least 25 years ...
-
Dividend investing is as sexy as watching paint dry on the wall. Defining an entry criteria that selects quality dividend stocks with risi...
-
As part of my review process, I evaluate dividend increases every week. This process helps me to see how my portfolio holdings are doing. ...
-
As part of my review process, I evaluate dividend increases every week. This process helps me to see how my portfolio holdings are doing. It...
