According to the audit, the utility has paid about $4.75 billion in dividends to the holding company over the last five years.
The gentlemen, who provided their own armor and weapons, were to be paid in land, dividends or additional shares of stock.
One possible explanation is that companies are taking the money they would have paid in dividends and using it to repurchase their stock.
The solution was to give the family trust a new issue of preferred stock, paying $33 million a year in dividends.
Every dollar not paid in dividends is another dollar of capital.
That is because all money paid in dividends would be subject to taxation at capital gains rates.
In 2008 for example, the bank paid $418m in dividends to the stockholders.
So, to value Unimar stock, investors have to figure out how much they will be paid in dividends over the next four years.
Between 2007 and 2011, the company paid a total of C$10.358 billion in dividends.
As a result, more money was paid in dividends and the stock price rose.
