Monday, September 5, 2016

Stock Dividend: Under Armour (UA, UA.C) - UPDATE #2

Update September 2016

I wanted to follow up on my post five months ago regarding Under Armour's Stock Dividend.  On April 8th UA reorganized its ownership structure offering one share of UA Class C share (Non voting) for each share of UA owned.  At the time of the dividend I was very curious as to what the cost basis would be for each share of the stock as Robinhood was showing a 50% loss on my UA shares and infinite gain on my UA.C shares.  Through further research, I found out what the cost basis of the UA shares should be.  IRS Form 8937 gives us the breakout of the basis as posted on the filing on the UA website.

I was paid a $10.83 cash payment from UA due to a Class C Settlement dividend.  UA had agreed to pay $59 million to shareholders due to litigation over the stock dividend.  The distribution was .007098 shares of Class C stock for each share of Class C held.  As mine would have been fractional shares, I received cash instead.

I hope this short post and links helps you understand what went on with the stock dividend this year. If you have any questions or have a correction feel free to ask/comment!

As always thanks for stopping by!

Full Disclosure: Long UA

What are some unexpected dividends that you have received?

I'm not an investment professional or a licensed financial advisor. This blog represents my personal views and decisions, which may not be appropriate for other investors. Please use common sense or consult with an investment professional before investing your money. I am not responsible for the outcomes of your decisions, nor am I responsible for the comments posted by readers or the contents of any linked websites. This blog should viewed for educational or entertainment purposes only.

Friday, September 2, 2016

Loyal3, Robinhood, and Vanguard Buys - Week 35: Recent Buys (AAPL, BRK.B, FLO, MCD, MSFT, VYM)

August 29 - September 4

My investments for week 35 included VYM, AAPL, FLO, MCD, MSFT, BRK.B.  The yield this week was 2.58% compared to 2.74% the week prior.  The yield is lower this week as I made an investment into BRK.B which does not pay a dividend.  The amount of yearly dividends added ($8.55) was higher than last week ($4.12) as the yield was similar but I invested double the money.  All of these purchases were part of my automatic buys except for FLO, which I bought to round my position to 50 shares.  This marks 35 consecutive weeks without paying commissions! Have a wonderful labor day weekend!



Total Invested - $331.85
Commissions Paid - $0.00
Current Streak - 35 weeks
Yearly Dividends Added - $8.55
Yield- 2.58%

Full Disclosure: Long VYM, AAPL, FLO, MCD, MSFT, BRK.B, ALL HOLDINGS IN MY PORTFOLIO

Do you own dividend ETFs?  Why or why not?

I'm not an investment professional or a licensed financial advisor. This blog represents my personal views and decisions, which may not be appropriate for other investors. Please use common sense or consult with an investment professional before investing your money. I am not responsible for the outcomes of your decisions, nor am I responsible for the comments posted by readers or the contents of any linked websites. This blog should viewed for educational or entertainment purposes only.