Don't know how to access my dividends.
Decades ago I acquired stock in the company I worked for. It was privately held and offered no dividends. Ive been retired for approximately 10 years, and this year I got a 1099-DIV form that said the total of ordinary dividends Id received is 410.64. My problem is that I have no idea how to get access to that money. I cant find out much about the current state of the company. No one returns calls that I make. You have to have a business e-mail address to contact them via their web site. For what its worth, the company is Jenzabar, Inc, located in Harrisonburg, VA, although the phone associated with their old Boston location continues to work.
Can anyone suggest a way for me to get access to my $410?
tia
las
ramen
(862 posts)ALBliberal
(2,843 posts)be reinvested and maybe not accessible.
Does the 1099-DIV have any other name other than Jenzabar? For instance a brokerage house that issued the 1099-DIV?
ALBliberal
(2,843 posts)return address on the 1099-DIV.
lastlib
(24,911 posts)They would be able to tell you the status of your funds. If your shares are on a dividend-reinvestment plan, then you won't physically receive them; the company will use the money to buy you more shares of the stock. If that isn't the case, then for some reason, you are not receiving the checks, so you will need to have them stop payment on them and re-issue them to you. Make sure they have tour current address.
(I worked in this business for 13 years.)