Uh, I think that was Jeff. I just made a rough approximation. I said
less than 6%. He said 5%. He may be closer than I am but we came to
these figures independently using different sources and methods so I
think we are pretty close. LOL yourself, it's not us who have been
holding on to a crummy stock for forty years. Have fun riding it
Here is what Jeff said:
Actually, the shares closed at 22.88, which means that your intitial
investment at 40.125 is now worth 91.52 (4 x 22.88). Which means that
got an annual return of around 5% (the dividends) for a total return
around 1000% (it takes about 14 years for a something that returns 5%
double in value). Meanwhile, the SP 500 index had a return of about
plus dividends (the value of the S&P index does not include
assumed of 5%, which is probably generous, considering that the yeild
4.3% and one of the highest dividend yields of any large-cap stock.
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