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Strategies & Market Trends : Dividend investing for retirement

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From: Steve Felix	4/23/2009 11:40:32 AM
	of 34328

Looking at the FPU buyout this morning: Under the deal, shareholders of Florida Public will receive 0.405 shares of Chesapeake common stock for each Florida share. I sold my 400 FPU this morning @ 11.90, giving CPK a value of roughly $29.75. CPK is currently $28.87. I would get 162 shares of CPK in the deal. 400 shares FPU dividend = $188 162 shares CPK dividend = $197.64 Bought 250 shares WR @ $17.20. Dividend = $300 Sell 400 @ 11.90 = $4760 Buy 250 @ $17.20 = $4300. +$440 after commissions. Seems like a deal. At least today. lol!

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