Skip to main content
No. of Recommendations: 2

But it repeats quarterly once the dividend exceeds the reference level, so it might add up over time to modest rather than miniscule on a cumulative basis. I always think of conversion ratios as static (barring stock splits or fundamental changes in the company), so I was intrigued to discover this provision letting convertible holders participate in growth of the common dividend thru an escalating conversion ratio.

We get excited when a common stock ups its dividend by a few pennies. In the same spirit, if and when ARE's dividend exceeds the 78 cents reference level we can get excited knowing our conversion ratio will be inching (millimetering?) ahead every quarter.
Print the post  


What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.