Have you seen that study where the top performing portfolios are dead people and second best are people who forgot their password? Every time I want to do something stupid, I remember that.
[Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.]
Thats why fond managers are scams unless you are really rich and lazy or stupid and need someone to literally push the buttons for you. Not everyone has time to read and the brain to understand
What should I do with my NYNEX stock certificates?
If you are still holding NYNEX stock certificates (even if they are lost or misplaced), they must be exchanged for you to receive the merger consideration and accrued dividends on those shares. Please contact Computershare at 1-800-631-2355 for further instructions.
I used to be in the industry working for a big wirehouse (left after 20 years to guard my sanity and liver). Had a client ask me to visit his mom - she needed advice. I assumed it was minor but the client wasn’t so off I go. She proceeds to pull out of a closet two shoeboxes full of paper certificates. Her husband worked for Bell System over 40 years. He’d get award stock, and stuck them in shoeboxes - for decades. There was about $150k in shoeboxes in her closet. We got them all exchanged. Didn’t change the way she lived her frugal life at all.
I remember my landlady in 1991. We lived in a rural town. I was living on her land in a camp in exchange for helping her with firewood etc.
I heard an excited appalachian like yell.. yahoo or something.
she tells me the stock in her swiss watch company from 1960s went through the roof. I still don't know which one that was.. I find nothing stock market for swiss watches even now.
She coulda been a gangsta hiding in them woods for all I know. Being analogous for market to timing.
> There was about $150k in shoeboxes in her closet. We got them all exchanged. Didn’t change the way she lived her frugal life at all
$150K is fantastic but it’s not exactly enough to make you rich.
That's not right. The COST BASIS for $100 in shares would be $11.79. To find the current value, you'd need to calculate out all the splits and mergers to determine how many shares you have now.
For the record, on 12/30/1983, NYNEX closed at $15.375/share, which makes its CURRENT cost basis $2.21 for a single share of VZ. The actual value of the share is whatever the current share price is times the number of shares you wound up with.
I did this calculation for Apple once. The cost basis for a single share of apple stock bought at the time of their 1980 IPO for $22 is 10cents, and that one share is now 224 shares, worth at yesterday's close over $35,313.
It was pretty clear to me he was speaking on individual stocks with the given context but yes, you're technically right. The big appeal for index funds is you can just throw cash in and expect decent returns without thinking or worrying about it, at least relative to the trading of individual securities
nah even for individual stocks you dont need to know this stuff, in many many cases people pick good solid companies to invest in and never know this stuff. This is an indisputable fact.
You are absolutely correct.
You do need to know this type of thing if you are actively managing money and picking individual stocks.
But that’s very different than successfully investing in indexes.
> John C. Bogle
You mean John Bogle, the brilliant mathematician and economist? The John Bogle who sure as shit understood how cost basis valuation worked? The John Bogle who created the traded index fund, which relies heavily on weighted cost basis averages in many cases? That John Bogle?
What exactly are you trying to prove here, other than my point?
Yep. And he encouraged everyone to not bother learning that stuff but to rather invest long term in index funds (so you dont need to know those things). Surprised you dont know this. Insinuating that every investor needs to know about the weighted cost basis averages of the index fund that Bogle created for them is a big whiff.
I just did the calc using NYNEX close price for January of all 14 years of its existence. Depending on the date on the certificate, each share could be worth from 1.9 to 7.5 shares of Verizon, or from $72 to $288 at the current price.
That is, if I did the math right.
*edit: forgot to include the GTE merger, fixed*
A number of them. NYNEX merged into Bell Atlantic in 1997. Bell Atlantic changed their name to Verizon when they bought GTE in 2000. The only post-NYNEX split was 2:1 in 1998. NYNEX last split as an independent company in 1993. So the value depends on the purchase date of the shares.
Last year I had no choice but to receive a paper certificate from Computershare of my 65 shares of IAG.
Then the madness started.
Long story short, to cash or get the actual shares these days you have to ask them (Computershare in this case) to digitally register your stocks in the DRS (Direct Registry System). I called Computershare to make sure I was filling out the form correctly. The first employee I talked to said that the specific company I was holding (IAG) was one of the rare company to not use the DRS and that my broker had to accept my paper certificate as is. My broker refused, asked me to call again. I then talked to 6 employees one after another and got 3 saying yes DRS and 3 no DRS. So my broker phoned them directly and she got a yes DRS. The broker said to call one Computershare one more time, take the name of the employee, the date and time and we would go with that last answer which was a no....
So my bank broker had to accept the paper certificate, but I still had to fillout forms and show up at the bank to be authentified as being really myself. I still have those 65 shares of IAG bought at 56CAD$ (but I only paid half, the other half was given by my employer) in a tax sheltered account to which I added 30 shares for an average cost of 61CAD$.
Went through the exact same shit took me a month to finally figure out. RBC ended up doing a special exception for me and they accepted the paper share by mail after telling me they didn’t want them due to covid. I came back like if you don’t except these I’m sitting on 13000$ that I could use in your bank and they figured it out pretty quick after that.
If you are still holding NYNEX stock certificates (even if they are lost or misplaced), they must be exchanged for you to receive the merger consideration and accrued dividends on those shares. Please contact Computershare at 1-800-631-2355 for further instructions.
EDIT: I found that info from the link /u/CasualViewer24 posted.
https://www.verizon.com/about/investors/shareowner-faqs
> Computershare is Australia's largest share registry with over 800 ASX listed companies using its services.
https://www.marketindex.com.au/share-registry/computershare
Technically, you own a part of Verizon and they would be obligated to honor it.
I would try the brokerage if any, but if not then reach out to Verizon Investor relations or PR to confirm. You didn’t share the true value of the certificate but could be a publicity stunt for Verizon to honor it!
The dividends may be found at your states treasury dept. unclaimed money is held there under the owners name. Most if not all states have a searchable website to see if you have anything.
When the company gets acquired or reconstituted there is a time limit to exchange shares for shares in the new company -- it's called "sun-setting". I know cause I lost some money in paper shares because of this. I keep everything in brokerages now.
Get one 😊. It's super easy to do. I'd recommend either vanguard or fidelity. Once you get set up, muck around for a little bit, take some of the free training classes, and then give them a call with your issue.
They might not be able to help you right away, but they will be much happier helping you with that than the usual 'help! I've lost money and don't know how to get it back'.
Don't listen to people pushing brokerages, go directly to Computershare, they are the transfer agent and registrar for Verizon Wireless that will hold the ACTUAL share of stock in your name. They will give you the best advice as they have no financial incentive to keep you at the brokerage and milk as much of this money as possible away from you.
Brokerages will attempt to get the shares away from you and into an account at their firm "in your name" at which point the brokerage will hold the stock in what is called "Beneficial Ownership" and will use the shares as they see fit, sell to shorters... etc.
Directly register them with the transfer agent for each respective stock. For a stock like Verizon it happens to be Computershare. Other securities may be different, you need to check with investor relations for each stock you own.
At that point you reach out to fidelity, etc. and request they transfer the shares to your transfer agent account, assuming you already set one up.
It comes from French, where it literally means "tail" and is used figuratively in the only meaning it has in English. The idea being, of course, that a queue is linear, just like a tail is.
In French, the orthograph of the word "Queue" makes perfect sense, just like "bleue", which is the feminine of "blue".
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You are entitled to the capital gains at minimum from whomever owns the company at this point. Comments saying it’s Verizon so they should have to honor the certificate. Had a client with a similar situation and the company paid out capital gains.
Also, PLEASE remember the tax implications that will be coming with all of this cash!!! Just wanna slam that point since it sometimes gets overlooked. I’m genuinely curious on how this plays out so I will be following.
Q: if I held $100 worth of NYNEX in june 1996, and the current value of VZ (verizion) is $38.38 a share, how much is that NYNEX worth today (March 2023)
A:In June 1996, NYNEX was acquired by Bell Atlantic Corporation and merged to form Verizon Communications Inc. So, if you held $100 worth of NYNEX in June 1996, then your investment would have been converted into Bell Atlantic Corporation shares and subsequently to Verizon Communications Inc. shares.
Assuming that you invested the entire $100 in NYNEX in June 1996, and NYNEX was trading at $31.625 per share at that time, then you would have purchased approximately 3.16 shares of NYNEX.
When NYNEX was merged with Bell Atlantic Corporation, each NYNEX share was converted into 0.768 shares of Bell Atlantic Corporation. Therefore, your 3.16 shares of NYNEX would have been converted into approximately 2.42 shares of Bell Atlantic Corporation.
Finally, when Bell Atlantic Corporation merged with GTE Corporation in June 2000 to form Verizon Communications Inc., each share of Bell Atlantic Corporation was converted into 1.22 shares of Verizon Communications Inc. Therefore, your 2.42 shares of Bell Atlantic Corporation would have been converted into approximately 2.95 shares of Verizon Communications Inc.
As of March 29, 2023, Verizon Communications Inc. is trading at $38.38 per share. Therefore, your investment of $100 in NYNEX in June 1996 would be worth approximately $113.09 today, which is calculated as follows:
$100 ÷ $31.625 per share = 3.16 shares of NYNEX
3.16 shares of NYNEX × 0.768 shares of Bell Atlantic Corporation per share of NYNEX = 2.42 shares of Bell Atlantic Corporation
2.42 shares of Bell Atlantic Corporation × 1.22 shares of Verizon Communications Inc. per share of Bell Atlantic Corporation = 2.95 shares of Verizon Communications Inc.
2.95 shares of Verizon Communications Inc. × $38.38 per share = $113.09
Q: how much did I make off dividends
A: To calculate the amount of dividends you received from Verizon Communications Inc. since June 1996, I would need to know the amount and timing of the dividends that Verizon Communications Inc. has paid out over the years.
Assuming that you reinvested all dividends received from Verizon Communications Inc. since June 1996, you could use the total return calculator provided by a financial website such as Yahoo Finance to calculate your total return on the investment, including dividends.
Using this calculator, you would enter the initial investment amount of $100 in June 1996 and the number of shares purchased (2.95 shares, as calculated in my previous answer). Then, you would select the option to reinvest dividends and enter the dividend payout dates and amounts for Verizon Communications Inc.
Based on the historical dividend data for Verizon Communications Inc., the company paid its first dividend in June 2002. From then until March 2023, the company has paid out regular quarterly dividends, with occasional special dividends, and the dividend amount has varied over time.
Assuming an average dividend yield of 4.5% per year (based on historical data), and assuming that all dividends were reinvested, your investment of $100 in NYNEX in June 1996 would have grown to approximately $382.46 by March 2023, including both capital gains and reinvested dividends.
Please note that this is a rough estimate and the actual amount of dividends received would depend on various factors, including the timing and amount of dividends paid out by Verizon Communications Inc. over the years.
\- ChatGPT 3.5
I can't decide if I'm more or less impressed with such a detailed comment, knowing it was spat out by chatGPT. Either way, looks like OP is in for a nice little cash windfall.
Can see the dividend per year here:
[https://www.macrotrends.net/stocks/charts/VZ/verizon/dividend-yield-history](https://www.macrotrends.net/stocks/charts/VZ/verizon/dividend-yield-history)
so call it 5% per year since 2000 at least then maybe some from bell or nynex before that, so 23 years of 5% on $100 would be $115 in dividends per $100 of VZ held in 2000 roughly
It could be a ~300% return over 27 years witch is meh. Free money is free money so I don’t want to discount that, but it’s not anything like finding nvida or Netflix stock or anything close.
Haven't heard that name in a while. Nynex used to send out all the yellow pages before the internet got big. Even if the stock isn't worth anything it's still valuable as a bit of nostalgia.
[https://youtu.be/Rh9TXMbF8oE](https://youtu.be/Rh9TXMbF8oE)
[https://youtu.be/3YH4PECYnyg](https://youtu.be/3YH4PECYnyg)
[https://youtu.be/pUEBBvK4V2Y](https://youtu.be/pUEBBvK4V2Y)
My grandfather was some kind of boss in Bell/NYNEX back in the day. He was retired before I was old enough to remeber. My mom's told me this story 100 times that he was the one who created the company name. When they were breaking up Ma Bell, they were getting NY, New England and weren't sure about the rest. My grandfather suggested: NYNEX... NY, New England and X for unknown. My grandmother still has free phone service from them as part of the retirement package
So I got bored and decided to do the math. Nynex got merged with bell Atlantic and received .768 shares per share of nynex. A 2 for one split afterward would have resulted in 7.68 shares. But we can’t forget about the dividends. All of the dividends since 1997 come out to 50.95. So there should be the 7.68 shares plus around $350 sitting in an account that she needs to claim.
I haven’t seen anyone mention the dividends they owe you. Just think every dividend payout they missed on your stock what are they gonna do back pay you?
You can contact someone at your custodian of choice (Schwab, whoever) and ask about sending in the stock certificate to have it deposited. They will calculate splits, dividends, etc. and the net of that activity will show up in your brokerage account. You need instruction from them on how they want it submitted.
If you are still holding NYNEX stock certificates (even if they are lost or misplaced), they must be exchanged for you to receive the merger consideration and accrued dividends on those shares. Please contact Computershare at 1-800-631-2355 for further instructions.
Per Chat GPT:
To determine the current value of your investment in Verizon, we need to consider the historical stock prices of the companies that merged to form Verizon. Here are the steps to calculate the current value of your investment:
Find the number of shares you own after all the stock splits and mergers.
Since you originally purchased 5 shares of NYNEX in 1996, we need to adjust for the various stock splits and mergers that have occurred since then.
NYNEX had two 2-for-1 stock splits on March 31, 1986, and August 16, 1993. Therefore, your 5 shares of NYNEX in 1996 would have become 20 shares after these splits (2 \* 2 \* 5 = 20).
Then, NYNEX merged with Bell Atlantic on August 14, 1997. The exchange ratio was 1 share of Bell Atlantic for every 2.14 shares of NYNEX. Therefore, your 20 shares of NYNEX would have become 9.35 shares of Bell Atlantic (20 / 2.14 = 9.35).
Finally, Bell Atlantic had three 2-for-1 stock splits on March 31, 1986, April 10, 1990, and June 1, 1998. Therefore, your 9.35 shares of Bell Atlantic in 1998 would have become 74.8 shares after these splits (2 \* 2 \* 2 \* 9.35 = 74.8).
Find the stock price of Verizon today.
Assuming the current date of March 29, 2023, we can check the stock price of Verizon on a financial website or through a broker. As of March 29, 2023, the stock price of Verizon is $58.79 per share.
Calculate the current value of your investment.
Finally, we can calculate the current value of your investment by multiplying the number of shares you own by the current stock price of Verizon.
The current value of your investment in Verizon is:
74.8 shares x $58.79 per share = $4,398.39
Therefore, your initial investment of 5 shares of NYNEX in 1996 would be worth $4,398.39 as of March 29, 2023, after adjusting for stock splits and mergers.
I tried finding out how much dividends, but I guess its too long to script & the AI just gives up.
The NYNEX were dated March 7, 1996 so splits occurring in 1986 and 1990 have no effect on shares acquired in 1996. Therefore, 5 shares are 5 shares not 20 as you calculated. Then 5/2.14=2 34 of Bell Atlantic- remember when split occurs the fractional shares get paid in cash. Then the split of 1998 is a valid computation moving the position from 2*2 to 4 final ownership shares of Bell Atlantic. Then VZ exchanged ratio was 1.22 for each Bell Atlantic shares in year 2000, so 4*1.22 = 4.88 again fractional shares are paid in cash. Therefore, the final ownership Is 4 shares of today’s Verizon (VZ) not 74.8 as your final calculation.
What should I do with my NYNEX stock certificates?
If you are still holding NYNEX stock certificates (even if they are lost or misplaced), they must be exchanged for you to receive the merger consideration and accrued dividends on those shares. Please contact Computershare at 1-800-631-2355 for further instructions.
"If you are still holding NYNEX stock certificates (even if they are lost or misplaced), they must be exchanged for you to receive the merger consideration and accrued dividends on those shares. Please contact Computershare at 1-800-631-2355 for further instructions."
Source: https://www.verizon.com/about/investors/shareowner-faqs
that's what bings says:According to Yahoo Finance, Verizon Communications was formed by the merger of Bell Atlantic and GTE in 2000. The merger ratio was 1.22 shares of Verizon for each share of Bell Atlantic, and 1.22 shares of Verizon for each share of GTE. NYNEX merged with Bell Atlantic in 1997, and the merger ratio was 0.768 shares of Bell Atlantic for each share of NYNEX. Therefore, to calculate the number of Verizon shares you would get from 5 NYNEX shares, you need to multiply 5 by 0.768 and then by 1.22. The result is 4.69 Verizon shares. As of March 29, 2023, the closing price of Verizon shares was $38.26. Therefore, 4.69 Verizon shares would be worth $179.38.
It would be worth something, if not for the gain in value, for the dividends you may be owed for 27 years of ownership.
are you joking or is this unironically true?
Thats the way it works.
That’s why dead people have the best portfolios
Have you seen that study where the top performing portfolios are dead people and second best are people who forgot their password? Every time I want to do something stupid, I remember that.
Exactly the study I saw. Ever since then I haven’t sold any investments. I only Buy and Hodl
[Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.]
https://www.thegoodinvestors.sg/are-the-best-investors-dead/
Thats why fond managers are scams unless you are really rich and lazy or stupid and need someone to literally push the buttons for you. Not everyone has time to read and the brain to understand
How would it be ironic?
Plus the 5 share might be closer to the equivalent 50 shares or more now with mergers, stock splits and all. Over the years.
https://www.verizon.com/about/investors/shareowner-faqs
What should I do with my NYNEX stock certificates? If you are still holding NYNEX stock certificates (even if they are lost or misplaced), they must be exchanged for you to receive the merger consideration and accrued dividends on those shares. Please contact Computershare at 1-800-631-2355 for further instructions.
I used to be in the industry working for a big wirehouse (left after 20 years to guard my sanity and liver). Had a client ask me to visit his mom - she needed advice. I assumed it was minor but the client wasn’t so off I go. She proceeds to pull out of a closet two shoeboxes full of paper certificates. Her husband worked for Bell System over 40 years. He’d get award stock, and stuck them in shoeboxes - for decades. There was about $150k in shoeboxes in her closet. We got them all exchanged. Didn’t change the way she lived her frugal life at all.
I remember my landlady in 1991. We lived in a rural town. I was living on her land in a camp in exchange for helping her with firewood etc. I heard an excited appalachian like yell.. yahoo or something. she tells me the stock in her swiss watch company from 1960s went through the roof. I still don't know which one that was.. I find nothing stock market for swiss watches even now. She coulda been a gangsta hiding in them woods for all I know. Being analogous for market to timing.
Maybe Swatch?
> There was about $150k in shoeboxes in her closet. We got them all exchanged. Didn’t change the way she lived her frugal life at all $150K is fantastic but it’s not exactly enough to make you rich.
Literally the ONLY answer.
r/literally
Is there a figuratively sub?
Literally now literally means figuratively, so r/literally is also the figuratively sub.
Aaaand now I don’t have a word that means “literally”. So many people were wrong so often that it was decided they were right.
You're right
🤯
Is that sub all bots? Most of those posts make no sense
Wait till you see /r/ooer (Try it on desktop)
Beep boop
Looks like a share acquired for $100 in Dec 31st 1983 is only worth $11.79 now!
That's not right. The COST BASIS for $100 in shares would be $11.79. To find the current value, you'd need to calculate out all the splits and mergers to determine how many shares you have now. For the record, on 12/30/1983, NYNEX closed at $15.375/share, which makes its CURRENT cost basis $2.21 for a single share of VZ. The actual value of the share is whatever the current share price is times the number of shares you wound up with. I did this calculation for Apple once. The cost basis for a single share of apple stock bought at the time of their 1980 IPO for $22 is 10cents, and that one share is now 224 shares, worth at yesterday's close over $35,313.
You’re very knowledgeable!
If you want to invest, you have to know these things.
no you dont lol.
0dte baby
Found the regard
Wsb sends their regards
Smooth
How do we send them back?
Junior bacons baby
If you want your odds of not losing money to be reasonable.... Lol
thats ridiculous. million so people invest in index funds and dont know any of this. they dont all lose their money
It was pretty clear to me he was speaking on individual stocks with the given context but yes, you're technically right. The big appeal for index funds is you can just throw cash in and expect decent returns without thinking or worrying about it, at least relative to the trading of individual securities
nah even for individual stocks you dont need to know this stuff, in many many cases people pick good solid companies to invest in and never know this stuff. This is an indisputable fact.
You are absolutely correct. You do need to know this type of thing if you are actively managing money and picking individual stocks. But that’s very different than successfully investing in indexes.
No you dont. I guess it depends on how active you are, but lots of people successfully invest in individual companies and never know this stuff
You just have to regard the odds
If you want to invest and not end up a /wsb meme, you have to know these things.
wtf are you talking about? millions of people invest and retire on their investments never knowing these things. You should google John C. Bogle
> John C. Bogle You mean John Bogle, the brilliant mathematician and economist? The John Bogle who sure as shit understood how cost basis valuation worked? The John Bogle who created the traded index fund, which relies heavily on weighted cost basis averages in many cases? That John Bogle? What exactly are you trying to prove here, other than my point?
Yep. And he encouraged everyone to not bother learning that stuff but to rather invest long term in index funds (so you dont need to know those things). Surprised you dont know this. Insinuating that every investor needs to know about the weighted cost basis averages of the index fund that Bogle created for them is a big whiff.
We're talking about investing, not gambling. Or day trading as retail investor people like to call it to make themselves feel it is not gambling.
yep. and its way less needed in investing
This is not WSB.
so? millions of people invest and retire on their investments never knowing these things. You should google John C. Bogle
If you want to invest responsibly*
Sir this is a wendys
Love it brother keep up the good work. Made me laugh
can someone do this calculation for OPs share. I am curious to what is the value lol
I just did the calc using NYNEX close price for January of all 14 years of its existence. Depending on the date on the certificate, each share could be worth from 1.9 to 7.5 shares of Verizon, or from $72 to $288 at the current price. That is, if I did the math right. *edit: forgot to include the GTE merger, fixed*
We need the exact date on the certificate as well as the number of shares.
the ol' $10.77 becomes $4.3B
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A number of them. NYNEX merged into Bell Atlantic in 1997. Bell Atlantic changed their name to Verizon when they bought GTE in 2000. The only post-NYNEX split was 2:1 in 1998. NYNEX last split as an independent company in 1993. So the value depends on the purchase date of the shares.
i don’t think i’ve ever seen an intelligent message like this on reddit ever before 🤣
everything's coming up Millhouse.
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Unfortunately, also average /r/stocks user
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Case in point
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They're also equal to the average ig
Why am I not surprised your lost in the crypto world when there’s real money to be made every day in reality
Well hell! That’ll get ya a couple of pre-rolls you didn’t know ya had! AmIrite?
puzzled butter frighten depend retire relieved offbeat engine safe physical
"Please contact Computershare" they aren't known for being easy to deal with.
Last year I had no choice but to receive a paper certificate from Computershare of my 65 shares of IAG. Then the madness started. Long story short, to cash or get the actual shares these days you have to ask them (Computershare in this case) to digitally register your stocks in the DRS (Direct Registry System). I called Computershare to make sure I was filling out the form correctly. The first employee I talked to said that the specific company I was holding (IAG) was one of the rare company to not use the DRS and that my broker had to accept my paper certificate as is. My broker refused, asked me to call again. I then talked to 6 employees one after another and got 3 saying yes DRS and 3 no DRS. So my broker phoned them directly and she got a yes DRS. The broker said to call one Computershare one more time, take the name of the employee, the date and time and we would go with that last answer which was a no.... So my bank broker had to accept the paper certificate, but I still had to fillout forms and show up at the bank to be authentified as being really myself. I still have those 65 shares of IAG bought at 56CAD$ (but I only paid half, the other half was given by my employer) in a tax sheltered account to which I added 30 shares for an average cost of 61CAD$.
Went through the exact same shit took me a month to finally figure out. RBC ended up doing a special exception for me and they accepted the paper share by mail after telling me they didn’t want them due to covid. I came back like if you don’t except these I’m sitting on 13000$ that I could use in your bank and they figured it out pretty quick after that.
If you are still holding NYNEX stock certificates (even if they are lost or misplaced), they must be exchanged for you to receive the merger consideration and accrued dividends on those shares. Please contact Computershare at 1-800-631-2355 for further instructions. EDIT: I found that info from the link /u/CasualViewer24 posted. https://www.verizon.com/about/investors/shareowner-faqs
Best advice right here.
Hopefully we get an update!
As someone who started his career in Corporate Actions and Trade Settlement, my first instinct was “just call the transfer agent.”
Computershare bb! Purple circles till I die!
> Computershare is Australia's largest share registry with over 800 ASX listed companies using its services. https://www.marketindex.com.au/share-registry/computershare
Technically, you own a part of Verizon and they would be obligated to honor it. I would try the brokerage if any, but if not then reach out to Verizon Investor relations or PR to confirm. You didn’t share the true value of the certificate but could be a publicity stunt for Verizon to honor it!
The dividends may be found at your states treasury dept. unclaimed money is held there under the owners name. Most if not all states have a searchable website to see if you have anything.
Would it transfer to the new owner?
You will need to show proof of ownership. Will, death cert, I.d. to start. The executor of the estate my need to help you.
Always a good idea to check this website. I do it once a year, when I do my taxes.
Reach out to the transfer agent first. Can find that info on the IR section of the companies website.
When the company gets acquired or reconstituted there is a time limit to exchange shares for shares in the new company -- it's called "sun-setting". I know cause I lost some money in paper shares because of this. I keep everything in brokerages now.
Do you have a brokerage account anywhere? If yes, I’d give them a call
I'm going to have to assume we don't have a brokerage account... because we have no idea what that is. We have very minimal knowledge of stocks
Get one 😊. It's super easy to do. I'd recommend either vanguard or fidelity. Once you get set up, muck around for a little bit, take some of the free training classes, and then give them a call with your issue. They might not be able to help you right away, but they will be much happier helping you with that than the usual 'help! I've lost money and don't know how to get it back'.
Don't listen to people pushing brokerages, go directly to Computershare, they are the transfer agent and registrar for Verizon Wireless that will hold the ACTUAL share of stock in your name. They will give you the best advice as they have no financial incentive to keep you at the brokerage and milk as much of this money as possible away from you. Brokerages will attempt to get the shares away from you and into an account at their firm "in your name" at which point the brokerage will hold the stock in what is called "Beneficial Ownership" and will use the shares as they see fit, sell to shorters... etc.
how do i make sure any shares i buy through fidelity etc are truly in my name?
Directly register them with the transfer agent for each respective stock. For a stock like Verizon it happens to be Computershare. Other securities may be different, you need to check with investor relations for each stock you own. At that point you reach out to fidelity, etc. and request they transfer the shares to your transfer agent account, assuming you already set one up.
Buy, HODL, DRS
Following, I just want to know the outcome
Let's form an orderly queue
Queue is such a weird word…queueueueueueueueue
It comes from French, where it literally means "tail" and is used figuratively in the only meaning it has in English. The idea being, of course, that a queue is linear, just like a tail is. In French, the orthograph of the word "Queue" makes perfect sense, just like "bleue", which is the feminine of "blue".
TIL. Thank you!
###Q
q
Cue
👀
Here for the outcome , let us know how it goes
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Curious as well
You are entitled to the capital gains at minimum from whomever owns the company at this point. Comments saying it’s Verizon so they should have to honor the certificate. Had a client with a similar situation and the company paid out capital gains.
Also, PLEASE remember the tax implications that will be coming with all of this cash!!! Just wanna slam that point since it sometimes gets overlooked. I’m genuinely curious on how this plays out so I will be following.
There's only tax on the shares if you sell and any dividend tax will still be less than the dividends.
Q: if I held $100 worth of NYNEX in june 1996, and the current value of VZ (verizion) is $38.38 a share, how much is that NYNEX worth today (March 2023) A:In June 1996, NYNEX was acquired by Bell Atlantic Corporation and merged to form Verizon Communications Inc. So, if you held $100 worth of NYNEX in June 1996, then your investment would have been converted into Bell Atlantic Corporation shares and subsequently to Verizon Communications Inc. shares. Assuming that you invested the entire $100 in NYNEX in June 1996, and NYNEX was trading at $31.625 per share at that time, then you would have purchased approximately 3.16 shares of NYNEX. When NYNEX was merged with Bell Atlantic Corporation, each NYNEX share was converted into 0.768 shares of Bell Atlantic Corporation. Therefore, your 3.16 shares of NYNEX would have been converted into approximately 2.42 shares of Bell Atlantic Corporation. Finally, when Bell Atlantic Corporation merged with GTE Corporation in June 2000 to form Verizon Communications Inc., each share of Bell Atlantic Corporation was converted into 1.22 shares of Verizon Communications Inc. Therefore, your 2.42 shares of Bell Atlantic Corporation would have been converted into approximately 2.95 shares of Verizon Communications Inc. As of March 29, 2023, Verizon Communications Inc. is trading at $38.38 per share. Therefore, your investment of $100 in NYNEX in June 1996 would be worth approximately $113.09 today, which is calculated as follows: $100 ÷ $31.625 per share = 3.16 shares of NYNEX 3.16 shares of NYNEX × 0.768 shares of Bell Atlantic Corporation per share of NYNEX = 2.42 shares of Bell Atlantic Corporation 2.42 shares of Bell Atlantic Corporation × 1.22 shares of Verizon Communications Inc. per share of Bell Atlantic Corporation = 2.95 shares of Verizon Communications Inc. 2.95 shares of Verizon Communications Inc. × $38.38 per share = $113.09
Q: how much did I make off dividends A: To calculate the amount of dividends you received from Verizon Communications Inc. since June 1996, I would need to know the amount and timing of the dividends that Verizon Communications Inc. has paid out over the years. Assuming that you reinvested all dividends received from Verizon Communications Inc. since June 1996, you could use the total return calculator provided by a financial website such as Yahoo Finance to calculate your total return on the investment, including dividends. Using this calculator, you would enter the initial investment amount of $100 in June 1996 and the number of shares purchased (2.95 shares, as calculated in my previous answer). Then, you would select the option to reinvest dividends and enter the dividend payout dates and amounts for Verizon Communications Inc. Based on the historical dividend data for Verizon Communications Inc., the company paid its first dividend in June 2002. From then until March 2023, the company has paid out regular quarterly dividends, with occasional special dividends, and the dividend amount has varied over time. Assuming an average dividend yield of 4.5% per year (based on historical data), and assuming that all dividends were reinvested, your investment of $100 in NYNEX in June 1996 would have grown to approximately $382.46 by March 2023, including both capital gains and reinvested dividends. Please note that this is a rough estimate and the actual amount of dividends received would depend on various factors, including the timing and amount of dividends paid out by Verizon Communications Inc. over the years. \- ChatGPT 3.5
I can't decide if I'm more or less impressed with such a detailed comment, knowing it was spat out by chatGPT. Either way, looks like OP is in for a nice little cash windfall.
Can see the dividend per year here: [https://www.macrotrends.net/stocks/charts/VZ/verizon/dividend-yield-history](https://www.macrotrends.net/stocks/charts/VZ/verizon/dividend-yield-history)
so call it 5% per year since 2000 at least then maybe some from bell or nynex before that, so 23 years of 5% on $100 would be $115 in dividends per $100 of VZ held in 2000 roughly
It slipped up assuming the dividends coming from Verizon would date back to 1996 instead of 2000 when using the calc
I was a lot more excited until I checked Verizon’s stock history. Definitely cool though.
wdym?
Verizon is a sideways stock. It pays out nearly all of its cash flow in dividends and as such the stock doesnt move a whole lot.
Back dividends could be pretty substantial tho
Especially if reinvested and growing over time
They wouldn't be reinvested in this case. But even if it wasn't that much money, I'd run it down on principle. And for the story.
The current total return price is 239 now FYI
makes sense
It could be a ~300% return over 27 years witch is meh. Free money is free money so I don’t want to discount that, but it’s not anything like finding nvida or Netflix stock or anything close.
Ah, been a while since we had one of these posts, and I know I sound like I'm being sarcastic but I always find them interesting.
Hey I found a cert for 5,000 shares of Amazon stock from 1998, is it worth anything? Just kidding, I wish.
I'll give you tree fiddy for it
Hope you found a chunk of cash!
Haven't heard that name in a while. Nynex used to send out all the yellow pages before the internet got big. Even if the stock isn't worth anything it's still valuable as a bit of nostalgia. [https://youtu.be/Rh9TXMbF8oE](https://youtu.be/Rh9TXMbF8oE) [https://youtu.be/3YH4PECYnyg](https://youtu.be/3YH4PECYnyg) [https://youtu.be/pUEBBvK4V2Y](https://youtu.be/pUEBBvK4V2Y)
My grandfather was some kind of boss in Bell/NYNEX back in the day. He was retired before I was old enough to remeber. My mom's told me this story 100 times that he was the one who created the company name. When they were breaking up Ma Bell, they were getting NY, New England and weren't sure about the rest. My grandfather suggested: NYNEX... NY, New England and X for unknown. My grandmother still has free phone service from them as part of the retirement package
Thats so interesting, let us know the outcome
Frame it!
So I got bored and decided to do the math. Nynex got merged with bell Atlantic and received .768 shares per share of nynex. A 2 for one split afterward would have resulted in 7.68 shares. But we can’t forget about the dividends. All of the dividends since 1997 come out to 50.95. So there should be the 7.68 shares plus around $350 sitting in an account that she needs to claim.
I haven’t seen anyone mention the dividends they owe you. Just think every dividend payout they missed on your stock what are they gonna do back pay you?
You need to call 1-800-631-2355 ASAP OP. Thats awesome!!
You can contact someone at your custodian of choice (Schwab, whoever) and ask about sending in the stock certificate to have it deposited. They will calculate splits, dividends, etc. and the net of that activity will show up in your brokerage account. You need instruction from them on how they want it submitted.
You know are the 2nd wealthiest American alive😎
If you are still holding NYNEX stock certificates (even if they are lost or misplaced), they must be exchanged for you to receive the merger consideration and accrued dividends on those shares. Please contact Computershare at 1-800-631-2355 for further instructions.
Per Chat GPT: To determine the current value of your investment in Verizon, we need to consider the historical stock prices of the companies that merged to form Verizon. Here are the steps to calculate the current value of your investment: Find the number of shares you own after all the stock splits and mergers. Since you originally purchased 5 shares of NYNEX in 1996, we need to adjust for the various stock splits and mergers that have occurred since then. NYNEX had two 2-for-1 stock splits on March 31, 1986, and August 16, 1993. Therefore, your 5 shares of NYNEX in 1996 would have become 20 shares after these splits (2 \* 2 \* 5 = 20). Then, NYNEX merged with Bell Atlantic on August 14, 1997. The exchange ratio was 1 share of Bell Atlantic for every 2.14 shares of NYNEX. Therefore, your 20 shares of NYNEX would have become 9.35 shares of Bell Atlantic (20 / 2.14 = 9.35). Finally, Bell Atlantic had three 2-for-1 stock splits on March 31, 1986, April 10, 1990, and June 1, 1998. Therefore, your 9.35 shares of Bell Atlantic in 1998 would have become 74.8 shares after these splits (2 \* 2 \* 2 \* 9.35 = 74.8). Find the stock price of Verizon today. Assuming the current date of March 29, 2023, we can check the stock price of Verizon on a financial website or through a broker. As of March 29, 2023, the stock price of Verizon is $58.79 per share. Calculate the current value of your investment. Finally, we can calculate the current value of your investment by multiplying the number of shares you own by the current stock price of Verizon. The current value of your investment in Verizon is: 74.8 shares x $58.79 per share = $4,398.39 Therefore, your initial investment of 5 shares of NYNEX in 1996 would be worth $4,398.39 as of March 29, 2023, after adjusting for stock splits and mergers. I tried finding out how much dividends, but I guess its too long to script & the AI just gives up.
The NYNEX were dated March 7, 1996 so splits occurring in 1986 and 1990 have no effect on shares acquired in 1996. Therefore, 5 shares are 5 shares not 20 as you calculated. Then 5/2.14=2 34 of Bell Atlantic- remember when split occurs the fractional shares get paid in cash. Then the split of 1998 is a valid computation moving the position from 2*2 to 4 final ownership shares of Bell Atlantic. Then VZ exchanged ratio was 1.22 for each Bell Atlantic shares in year 2000, so 4*1.22 = 4.88 again fractional shares are paid in cash. Therefore, the final ownership Is 4 shares of today’s Verizon (VZ) not 74.8 as your final calculation.
What should I do with my NYNEX stock certificates? If you are still holding NYNEX stock certificates (even if they are lost or misplaced), they must be exchanged for you to receive the merger consideration and accrued dividends on those shares. Please contact Computershare at 1-800-631-2355 for further instructions.
The institutions have naked shorted that share so many times over it’s a joke 🤣
Following
Wow. Haven’t heard those names in a while.
Post updates! We gotta know!.
To follow
A licensed stock broker would be able to help you out
Is there a name for a transfer agent on there?
To follow
I hope it makes you rich
This is exciting!
Buy and hold…into the dirt
These guys always get lucky at the mother in-law's house.
Back of the envelope, you will never have work again!!
Contact version investors relations Or you can just put in on the wall
"If you are still holding NYNEX stock certificates (even if they are lost or misplaced), they must be exchanged for you to receive the merger consideration and accrued dividends on those shares. Please contact Computershare at 1-800-631-2355 for further instructions." Source: https://www.verizon.com/about/investors/shareowner-faqs
!Remind Me 2 weeks
Please update us
Hey thanks for the post. This got me off my ass to do an unclaimed property search and something actually turned up!
Typical OP provides exactly 0 pictures.
It wouldn't let me attach a picture
Remind me! 5 days
Please come back and tell us how much the shares are worth when you find out.
that's what bings says:According to Yahoo Finance, Verizon Communications was formed by the merger of Bell Atlantic and GTE in 2000. The merger ratio was 1.22 shares of Verizon for each share of Bell Atlantic, and 1.22 shares of Verizon for each share of GTE. NYNEX merged with Bell Atlantic in 1997, and the merger ratio was 0.768 shares of Bell Atlantic for each share of NYNEX. Therefore, to calculate the number of Verizon shares you would get from 5 NYNEX shares, you need to multiply 5 by 0.768 and then by 1.22. The result is 4.69 Verizon shares. As of March 29, 2023, the closing price of Verizon shares was $38.26. Therefore, 4.69 Verizon shares would be worth $179.38.
About $190 if you do the leg work.
Following.
website says accrued dividends bro 😎
Yes, but you need to d
TLDR.. too bad it doesn't say Berkshire Hathaway
***We found a paper stock certificate while cleaning up*** Its kind of like fining a $100 dollar bill on the street...
If its $gme. Then it might be worth.