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Subject:  DRIPS Work! Date:  3/15/2017  8:10 PM
Author:  SeattlePioneer Number:  36586 of 36626

I started using a DRIP to buy shares in Piedmont Natural Gas Company, a small gas utility selling natural gas to residential and commercial customers.

I bought the first share of stock through the DRIP, too.

I reinvested dividends and sent off optional cash payments to buy more stock from time to time.

A few months ago I opened an envelope that came in the mail and a check for $300,000 fell out.

Piedmont Natural Gas had sold itself out to Duke Energy, another utility company, for cash.

The check was the value of my shares at the buyout price.

I used to buy stock through a company stock purchase program in the utility I used to work for ---Washington Natural Gas. That was very much like a DRIP.

On another day I opened an envelope and out fell a check for $57,000 when Washington Natural Gas sold itself to an Australian investment company.

I also get notifications on various DRIPS when dividends and such are reinvested.

Makes one take an interest in opening your mail.

Not just BILLS there!

Seattle Pioneer
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