Come back to your original question you asked me --> you are asking me the specific (dividend tax). Now you are diverting to "I do not need the specifics when the specifics will not change the big picture"

You are contradicting yourself. Not only you are "cincai". You lack focus too



p/s Under Buffet, they have hundreds of analysts who do those dirty detailed work for them. Are you at their level ? If yes, then I agree with you can afford to be "cincai"

Bonds' return can be precise to the dot lah, except when it defaults... oops...

This is why I said you are trolling

Reminds me of your response in the Malaysian House Price Index thread. Totally irrelevant to the topic and still insist you are right

This thread is getting derailed.

Btw, how r dividends in australia taxed for non residents like Malaysians?

Full tax or no tax, anyone know?

It has been discussed previously. Read the pages. This dividend tax is the integral part of investment decision in ASX

At the moment, aspartame is the best person to answer you

You gotta sit for exam first.

Since bro aspartame has given up his research, I will just summarize the relevant tax treatment for investment by non-tax resident in ASX. Please feel free to comment and correct me if I am wrong.

1. Dividend fully franked - we get the net dividend. Ie what you get is final. Tax paid 30%
2. Dividend unfranked - you get declared dividend minus 15% withholding tax. Ie company will deduct for you and what you get is final also
3. Capital gain - 0% tax. What you get is final too

Eg 1. Company declare 1000 dividend less franking credit 300 = 700 fully franked dividend
You get 700 net and call it a day. Your franking credit is burnt

Eg 2. Company declare 1000 dividend unfranked.
You get 850 net and call it a day

Eg 3. You bought a share and later sell it and make 1000 capital gain
You get 1000 and call it a day

Non-tax residents do not need to file tax for ASX. Ie, just sit there and the company/bank trading platform will pay you the nett amount

Majority of the company declare fully franked dividends, so when we evaluate the company, just assume we will be taxed 30% and get only 70% of the declared dividend. If you use Bloomberg and Yahoo Finance, the DY quoted is gross. So deduct 30% from the number. If eventually the company pays unfranked dividend, then treat the 15% difference as bonus

As to when and how a company pays unfranked dividend, we can discuss if anyone is interested. But that is only for academic knowledge. Unless you purely aim to invest in companies which pays unfranked dividend. That is a really weird “fetish” if that is your investment criteria

So say a company declares 25 cents fully franked dividend.

This means i get 25 cents?

This post has been edited by flight: Apr 10 2018, 02:11 AM

Yes. This is what I said above

If you are interested to re-confirm what you are researching is not wrong, go search for the latest dividend amount for National Australia Bank. Tell us the gross and net dividend here. Then you know you are in the right direction.

Yes. This is a test. And it is free tuition. If you take it positively (unlike “somebody”), it is beneficial to you in your future research

ASX still uses 2-tier dividend system, so it is vital to know the right numbers

The big four banks have been retreating in their respective prices,....reasons as below :-

REFILE-UPDATE 1-Australia's AMP misled corporate watchdog for almost a decade -inquiry hears

17 04 2018 12:21pm AEST

(Correct typo in headline)
* Judicial inquiry reveals AMP management lied to regulator
* AMP executive admits at least 18 misleading correspondence
* AMP charged fees after customers stopped receiving advice
* Shares fall three percent, broader market is positive

SYDNEY, April 17 (Reuters) - Australia's largest wealth manager AMP Ltd lied to the country's corporate watchdog for almost a decade to cover its widespread practice of charging customers for services it did not provide, an inquiry heard on Tuesday.
AMP had told the Australian regulator that in 2009 it was charging fees after customers stopped receiving advice, by mistake, and that it was moving to correct the practice; however documents presented in the inquiry revealed the practice had been discussed by management and approved.

Rest of this report : https://nabtrade.com.au/research-and-insigh...h-announcements

Property of Reuters.

Picked up some BOQ

followed. bough too BOQ

ex date div 26 april 18 - 38 cents

Not sure why Yahoo finance shows that BOQ Divs are 52 cents, twice a year?

Yeah,... saw the ann't abt BOQ too,.... and the price fall too. BOQ divs are twice a year,... I think the Reuters report is wrong, doesn't sync at all with anywhere,...

Announced yesterday https://www.asx.com.au/asxpdf/20180417/pdf/...85cdmsmk0bx.pdf. Its 0.38 fully franked

You guys no scared the royal commission inquiry into financial services meh ? No effect on bottomline expected ?

Not sure about the RCI on financial services.

http://www.abc.net.au/news/2017-12-04/bank...we-know/9210214

My guess is the reasons why banks, super, insurance share prices all near 1 year low is because of this threat....just guessing...

Okay,... I think I know why Yahoo Finance said 52c. It's 38c plus the franking credits amounting to 16.29c. But 38c + 16.29c = 54.29c,... it's close enough to 52c,...

How come my Yahoo Finance page show trailing annual dividend of $0.76 (which is $038 x 2)

https://finance.yahoo.com/quote/BOQ.AX/key-...istics?p=BOQ.AX


Bloomberg also show 0.38

https://www.bloomberg.com/quote/BOQ:AU

Anyway, announcement is $0.38. So, total dividend should be $0.76. Divided by closing price $10.58, the net DY is 7.18%

If they have the word trailing there, then it means the normal dividend paid out in THE LAST 2-HALVES OF THE YEAR, with the word 'annual' there too,... But there was also a special dividend paid out in the second-half of FY17. The amount was $0.08. But this payout was not taken into account in your Yahoo page since it was a special dividend.

If you look at your Yahoo page for the trailing annual dividend for NAB, I believed it would show $0.99 x 2 = $1.98.