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Charleston Man Gets $170K in Unclaimed Stock Dividends

West Virginia Treasurer John Perdue
West Virginia Treasurer's Office

A Charleston man has received nearly $170,000 in unclaimed stock dividends owed to his late father.

State Treasurer John Perdue gave a check to Gary Cohen on Tuesday at a ceremony in Charleston.

According to Perdue's office, Cohen's father, Marvyn, amassed shares of Taro Pharmaceuticals, but the company lost track him over the years and transferred the shares to the state treasurer's unclaimed property division.

Perdue says state officials were able to track down Cohen, who says he'll use the money to pay off the mortgages of his two daughters.

Perdue says $13.8 million in unclaimed property was returned last year to current and former state residents.

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