STUDENT TRANSPORTATION INC 5.25 PCT DEBS T.STB.DB.A

RE:RE:RE:Strong buybacks reported this week

[BlueCollar51]

scarface9 wrote: https://www.canadianinsider.com/company?menu_tickersearch=STB%20%7C%20Student%20Transportation

does STB have a DRIP? I didn't see one mentioned in the dividend news release, so I'm assuming the cancelled shares are not replaced by any DRIP participation

Yes STB has a DRIP
https://www.ridesta.com/reinvestment.cfm
 
This is from the 2015 YE MD&A
 
“The Company established a dividend reinvestment plan (the “Plan”) in May 2009 to enable eligible shareholders of the Company to reinvest dividends on their common shares to acquire additional common shares of the Company. The common shares issued under the Plan are issued directly from the treasury of STI at a price based on the volume weighted average of the closing price of the common shares for the five trading days immediately preceding the relevant dividend date, less a 3% discount. Pursuant to the Plan, the Company issued 1,485,040 common shares during the twelve months ended June 30, 2015, which represent non-cash dividends having a value of $8.5 million.”
 
I “believe” that the participation rate in 2015 was abt. 20 %.
 
A while back d_trump was advised by IR that the “current” participation rate was 5%.
 
There will be DRIP shares issued today. How many is unknown at this time.
 
As Always; Do Your Own Due Diligence; It’s Your Money !!