Friday, January 11, 2013

JG Boswell Special Dividend

Lost among all of the "special dividend madness", as companies paid out cash prior to year-end given the uncertainties of where tax rates would end up, JG Boswell was a participant.  Very quietly, par for the course, the company paid out an $8.00  per share special dividend on 12/20.  You would have never known  about it, unless you carefully checked the transaction history in your brokerage account (if that's where your shares are held).   That's $24 in dividends per share for BWEL in 2012.

*The author has a position in JG Boswell(BWEL). This is neither a recommendation to buy or sell any securities. All information provided believed to be reliable and presented for information purposes only


Anonymous said...

When does JG Boswell normally have their annual meeting?

Jonathan Heller, CFA, Editor said...

The annual meeting is typically in October.

Berkeley Maven said...

I received a call from my brokerage today asking if I'd like to vote the Boswell proxy, which is just a Board election. No other info offered. Annual meeting is on 10/22/2013 at 10 AM in Pasadena.

Do you know if financials are available at the meeting? Will anything substantive be discussed?

Jonathan Heller, CFA, Editor said...

Have never attended their annual meeting, nor have I ever received proxy, and have held shares since 2002. I do not know what will be discussed at meeting, but believe annual reports are available. Or, you can contact the company--they need to see proof that you own shares.