No. of Recommendations: 6
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.



https://news.duke-energy.com/releases/duke-energy-completes-...



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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