Hi all, how’s your Friday evening?
On June 2nd I received the following special dividend from National Grid (NGG) as it has sold 61% of its UK gas business to a consortium of multinational investors for ￡4 billion.
- $178.44 – National Grid (NGG)
My gross dividend income for June has amounted to $608.52.
This special dividend resulted in the following consequences to my position in NGG.
- 3 shares were sold for $17.5 by applying 12:11 merger of the existing shares
- The number of my shares has reduced to 30 from 33
- My position carries about 12% unrealized loss
Disclosure: Long NGG