In 1616, at the end of the administration of Sir Thomas Dale, the first dividend became due and payable to all who had invested, whether by the purchase of shares or by "personal adventure". However, since the colony had not prospered, there was no money to divide. Instead, the Company offered grants of land. Colonists who had paid their own passage to Virginia received a "first dividend" of , free of quit-rent, for their "personal adventure", and an additional hundred acres for each share they owned in the London Company: