Sseveral days without posting anything (shame on me), but the month of September has been a crazy one, you remember that I mentioned that I would change job (Job, functional move and salary increase), and it happened in September, I started to make the transition with the person I am replacing, therefore, I had 2 jobs to do.
Ok I will stop talking about that as it is not the objective of this article (next week, I will publish one about my functional move, especially the financial aspect.
Coming back, to the pay check from UBS and TranOcean, the first one is a big surprise, because, I was not expecting getting this dividend distribution, if you refer to the following post (2014 Final dividend distribution), you will read that UBS decided to make a special dividend of 0.25 CHF thanks to positive 2014 results and completion of the change in a new entity. At that time, I understood that we needed to have the shares at the ex-date to be eligible, and as we sold all our UBS to get a 7% financial gain or 12’300 CHF due the positive 2014 results announcement. But to benefit from share price drop at the ex-date we bought them back. What a nice surprise to see that on the 18th of September our custody account increased by 2’525 CHF.
On the 23rd of September, we received the 2nd distribution of RIGN.VX which is 1050 CHF or 0.15 CHF per share considering the 7000 shares we own.
As you probably read, TransOcean will call an extraordinary shareholder meeting to propose the cancellation of the next 2 quarters dividend distribution considering the company situation due to the oil price. I am not very happy with that, but it is the risk we took in buying RIGN shares, I believe that in the future the share price will go up again and distribution will come back.
And you what is your situation?