My mother owned Utah Power & Light stock. When she died that stock came to us, her five children. I was happy to get it, except for the circumstances, and when the dividends came each quarter, I was grateful. We could use the money.
I don't remember how much money it was, more than $100, I think. We needed whatever it was.
I believe all my siblings sold their stock, but I still have mine. It isn't Utah Power & Light, or Bonneville Power, who bought the company. It isn't PacificCorp, who bought Bonneville Power or Scottish Power, who bought PacificCorp. It is Iberdrola, a company in Spain, who bought Scottish Power.
Each change brought a decrease in the amount of the dividend, and now, because the company is based in Spain, I pay foreign tax. I don't like paying taxes to my own government. How do you think I feel about paying Spain?
And here's the thing, it's good that I don't still have the kind of need for the money that we used to have. Yesterday the second quarter dividend came. I cashed the check today, $7.73.
The bank teller said, "Well, it will buy you lunch."
I said, "Maybe."
So my 60 shares are just about worthless, but I keep it because it was Mama's. And I will keep it until the day comes when I have to pay Iberdrola.
I wonder if that could happen.
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Well hello Carol, I found you first on Carol's Corner where you described your family...January 11 2012. I don't remember meeting you through the years...we must be 1st cousins as we have the same Grandfather...makes sense. My father is Laverne (poor kid). I'm Vern, Jr. You can look me up on google - where I found you. I know Sterling - Wilford - and Janeene..would like to know more about you. Though it appears we are not politically compatable. My email is: vdbriml@aol.com.
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