A diversified holding company with interests in automotive, financials, food packaging and more
Anyone brought shares in this company it as a very high dividend yield
Seeking advice with this stock, with the exchange and the US tax has it got to be a long term investment or is it one of those stock which just stays as it is, not going down much, not going up much. I am more interested in the 16% dividend. Thanking you all for any advice, Mark
A dividend yield is a backwards looking indicator so be a little careful as it’s not always predictive. I’m this case the dividend looks very stable
There will be a 15% withholding tax taken by Uncle Sam so you’d get $1.70.
IEP ex-date is 17th August.
Will I get the payment if I buy today on the 17th?
I always muddle this up.
If it was me buying for the dividend, I would buy on the 16th
Thanks Mark. I am too late this time.
But I put lots in for the next div
I would be careful investing in LLPs / MLPs if you are a uk tax payer and seek advice from a tax adviser first. If i understand things correctly these stocks may be able to be held in a SIPP without any onerous US tax reporting and paying obligations, but if held in an ISA or GIA there will be even if you have completed a W8BEN.
Instant Buy orders for IEP failed.
I tried twice, and everyone said “no confirmation received, we’ll let you know” paraphrasing a bit
Activatity log showed no orders for the stock.
they came back
What date was the IEP $2 stock div cutoff date? 17th or 18th?
Ex-div was the 18th, so need to hold on the close of business 17th to be eligible
thanks. I held some on the 17th.
Changes in US withholding tax on PTPs, requiring to sell by 21st December - you should have an in-app message.
Have to say, very poor show especially after the complex UK buys being restricted too.
What? We have to sell our holdings?
I was only here for MLPs.
Explains why the share prices just dropped.
I just sold everything US that I had in FreeTrade.
The rules keep changing so much that it is now impossible for me to make any money from investing.
I will move back to HL ( where my ISA is ) and just use it to renovate my house.
I got burn last time I tried back at the start of the century, and I should have learnt my lesson.
I will sell my UK holdings tomorrow. And then the deal is done.