You should have got a dividend statement showing the gross amount and the imputation credits applied. Generally gross less imp credit is the declared dividend
Both are declared in your annual tax return
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You should have got a dividend statement showing the gross amount and the imputation credits applied. Generally gross less imp credit is the declared dividend
Both are declared in your annual tax return
cool cheers winner, always appreciate your additions :)
Newbie myself, so was just looking at this today, took me a while to figure it out! Basically (assuming an NZ company, and an NZ shareholder) if company dividend is $100, and it is 100% imputed then what they will actually pay out gross is $100 x (1/0.72) = $138.89 gross dividend, or in other words they would attach $38.89 in imputation credits. The 0.72 figure comes about because the company tax rate is 28% (100% - 28% = 72%) Then, if your personal tax rate is 33% it will be deducted from the total of the dividend plus credits, so your net dividend would be calculated as $138.89 x 67% = $93.06.
If the same $100 dividend was only 50% imputed, the first $50 of your dividend would have no imputation credits and would be taxed at your full personal tax rate, so if that was 33%, then of the first $50 you would only get $33.50 net. The last $50 of the dividend which was imputed would gain $19.44 of imputation credits (which is $50 x 1/0.72), this would bring the total up to $69.44 inclusive of credits. That value ($69.44) would have your tax deducted at 33% leaving $46.52 for you.
So in total a $100 dividend with 50% imputation would give you a net dividend of $33.50 + $46.52 = $80.02.
Complicated enough!
Does anyone here invest "for" dividends in the US market. Im new to this scene so I'm collecting "thoughtful insights". I have been browsing googles financial site and used the stock-scanner to filter US dividend paying companies.
Does anyone here have experience with div payouts from over-there, positive/negative issues?. comments?.
"Company---------------------symbol-----Mkt-cap-----P/E ratio----Div Yield%---52w price change% "
---------------------------------------------------------------------------------
"Origen Financial, Inc. ---------------- ORGN---$ 38.37M --- - ------29.14 -------4.86"
"Pinpoint Recovery Solutions Corp--- PPNT----$ 461,759.00 - ------20.00-------- 33.33'
"Orchid Island Capital Inc-------------ORC-----$ 118.65M---34.64---16.49--------10.64"
"Central Securities Corp--------------CET------$ 565.01M---3.99-----15.82-------13.34"
"Magyar Telekom Tavkozlesi Nyrt---MYTAY---$ 1.58B------13.35----14.74-------8.44"
"New York Mortgage Trust Inc------NYMT-----$ 721.18M-----7.96-----13.30------19.41"
"Javelin Mortgage Investment Corp-JMI------- $ 161.95M---------------13.27----- 1.42"