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FISH21049

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FISH21049

Re: None

Friday, 04/05/2013 12:03:31 PM

Friday, April 05, 2013 12:03:31 PM

Post# of 98
Well, EXC cut it's dividend recently and it brought the share price down. Right now, I'm down $4.00 on 6,100 shares. So much for a safe dividend investment!

Got their Annual Report and proxy statement. The recent huge trimming in the dividend rate AND decline in share price gave me no other choices but to vote AGAINST all directors and AGAINST any executive compensation plans.

Too bad the shareholder meeting is not in Chicago this year, as I know many retirees and shareholders would attend and show their displeasures.

Let's hope the new dividend is 'SAFE' for this year and perhaps EXC can move the dividend rate up next year.

We learn to crawl before we walk;
We learn to walk before we run;
We learn to run before we fly;
We learn to fly before we soar!

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