OCA - Oceania Group - retirement villages

[Grimy]

DRP $1.404. A nice lift to SP today, so looking like the right way to get the dividend this time.

[winner69]

DRP $1.404. A nice lift to SP today, so looking like the right way to get the dividend this time.

Pity the government takes 33% of it

I’d prefer Oceania retained the earnings and turned it even more gold.

[Panda-NZ-]

Pity the government takes 33% of it

Which goes back into the elderly's care and welfare provision as most of NZs spending is on that.

Not great for shareholders though.

[Snow Leopard]

Pity the government takes 33% of it

I’d prefer Oceania retained the earnings and turned it even more gold.

Even though the nice government takes less of me, I also believe that paying out dividends that you can not fully impute is a very silly idea.

[BlackPeter]

Pity the government takes 33% of it

I’d prefer Oceania retained the earnings and turned it even more gold.

Even though the nice government takes less of me, I also believe that paying out dividends that you can not fully impute is a very silly idea.

This makes already three of us (and in agreement : Maybe worthwhile to raise this issue in the next AGM? Highly tax inefficient way to return shareholders capital ...

[Sideshow Bob]

Pity the government takes 33% of it

I’d prefer Oceania retained the earnings and turned it even more gold.

At least they didn't take 39%....

[777]

At least they didn't take 39%....

There will be some that have find the extra 6c at tax time next year.

[Ggcc]

This makes already three of us (and in agreement : Maybe worthwhile to raise this issue in the next AGM? Highly tax inefficient way to return shareholders capital ...

People generally want an income and older New Zealanders love, or depend on dividend bearing stocks. Sure the dividend from Oceania is not something to boast about, but some are dependant on it, rather than selling shares to live. Plus does the company not pay 28% tax on profit regardless if it didn't pay a dividend?

[bottomfeeder]

No imputation at all, aren't we making any taxable profit. Yep have to agree, keep the dividend, pay off debt, have a buyback, wait for some imputation credits.

Not efficient to pay divvies without imps.

[BlackPeter]

People generally want an income and older New Zealanders love, or depend on dividend bearing stocks. Sure the dividend from Oceania is not something to boast about, but some are dependant on it, rather than selling shares to live. Plus does the company not pay 28% tax on profit regardless if it didn't pay a dividend?

LOL - didn't you read the annual report? Have a re-check of page 76 and tell us how much tax they are paying ... and what percentage this would be off the income ;

However - here is a hint - the fact that their dividend is not imputed clearly shows they don't pay income taxes in NZ. Issue is - a significant part of their "income" are re-valuation gains which they don't need to pay taxes for (due to not realized).