07-17-2014, 04:36 PM
(This post was last modified: 07-17-2014, 04:38 PM by Dividend Watcher.)
(07-17-2014, 03:47 PM)daat99 Wrote: SJR looks attractive (PE wise) but their erratic dividend schedule will trigger my "sell when dividends are reduced" rule too fast(I counted 3 reductions between 2014 and 2012 and then I just stopped counting them).
Shaw is a Canadian company also listed on the American exchanges. The fluctuations are due to currency translation. My Canadian banks do the same thing. Over longer periods of time, it will average out but you have to be patient. Ten years ago US$1=CAD$1.50 or so. Today they are close to par (US$1=CAD$1). It will bounce between the 2 extremes. Go to their IR website and see what they list as the declared dividend in Canadian currency.
I should also add that there's no tax withheld if your holding is in a qualified retirement account such as an IRA. If it's in a taxable account, taxes will be withheld. Also, make sure your broker doesn't withhold them regardless of the tax treaties. I've heard some brokerages take the lazy way out and withhold regardless.
=====
“While the dividend itself is merely a rearrangement of equity, over time it's more like owning an apple tree. The tree grows the apples back again and again and again, and the theoretical value of the tree doesn't change just because of when the apples are about to fall.” - earthtodan
“While the dividend itself is merely a rearrangement of equity, over time it's more like owning an apple tree. The tree grows the apples back again and again and again, and the theoretical value of the tree doesn't change just because of when the apples are about to fall.” - earthtodan