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

RE:Dividend cut

[righand2]

Rak2 wrote:
With the announcement today, we now know the dividend cut is 2.575% Dividend declared in US$ is 0.036670. The current US/CAD exchange rate is 0.811750 and the dividend in CAD used to be 0.046368, so a decrease for CAD people of +2.575%. And add on top any currency exchange rates from your broker, unless you move STB over to the US$ side of your brokerage account. This is going to sink to below $4 once people see what is happening in their accounts.

Every other dividend stock I own that converted their dividend to US funds INCREASED the dividend, they did NOT cut it. Some actually paid the same dividend in US dollars as they previously did in Canuck Bucks, effectively giving their shareholders a 20+% dividend INCREASE !!!!! Now those are good stocks to own, as their share prices have also risen while STB falls.