Categorized | Investments

This Monthly Dividend Stock Is Up 22% In 2 Months

This Monthly Dividend Stock Is Up 22% In 2 Months

Summary

HDS+ subscribers just made a total return of 23.35% in two months on a buyout deal.

It’s a monthly high dividend stock that pays in US dollars.

It’s being acquired at an 18% premium to its previous 52-week high.

HDS+ portfolio holding Student Transportation Inc. (STB), also known as STI, is being acquired by an investor group – CDPQ and Ullico, for a price of $7.50 US per share. The parties expect to close the transaction by the end of the second quarter of 2018.

This represents a substantial price gain/share for Hidden Dividend Stocks Plus subscribers, of $1.36/share. In addition, we’ve received two monthly dividends of $0.0367/share, for a total profit of $1.4334/share.

The total return is 23.35%. Since this profit happened within a short, two-month period, the annualized profit is huge, at 140.10%.

Details:

“Student Transportation Inc., (also known as STI), today announced that it entered into a definitive agreement (the “Arrangement Agreement”) with a company (the “Purchaser”) sponsored by Caisse de dépôt et placement du Québec (“CDPQ”) and Ullico Inc. (“Ullico”, and together with CDPQ, the “Purchaser Group”) pursuant to which the Purchaser Group will acquire all of the Company’s outstanding common shares (other than common shares already owned by the Purchaser Group) by way of a plan of arrangement (the “Arrangement”) under the Business Corporations Act (Ontario).”

“Shareholders of STI/STB will receive US$7.50 per common share in cash, representing a 27% premium to the 20-day volume weighted average price per common share on the Toronto Stock Exchange for the period ending February 27, 2018, based on an exchange rate of $1.2776 Canadian dollars per U.S. dollars as of February 27, 2018.”

“This transaction presents a compelling opportunity for our investors to monetize their investment at an attractive price. CDPQ has been invested in our company for 16 years and for most of that time as our largest shareholder.”

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