On receiving my last Santander dividend, my broker (Selftrade) stated: "The dividend was paid at the rate of EUR 0.055 per share converted at a rate of 0.836999 GBP to EUR to holders of the stock as at 27 July 2016 and a rate of 19% withholding tax was applied." I actually received 3.7p per share, about 1.1% return. However remember that one of the delights of BNC is that it pays four dividends per year giving roughly 14p for the year. I regard Santander as a buy and really expect… Read More
I am interested in your comment from the 4th of August where you mention the' tax thing'. I am just setting out on my investing journey properly therefore do not yet understand all that goes on. Please enlighten me.
I looked at this share because the dividends look fine and that this bank is reducing its 123 interest rate hence more profit but with the new rate being still attractive to savers therefore the clientele levels should not significantly fall meanwhile the other business carries… Read More
In company news, big banks including Bank of America, JPMorgan Chase, Citigroup, Goldman Sachs and HSBC North America, were among the 30 that passed stress tests with good grades, winning permission from the Fed to pay investors dividends. Morgan Stanley was ordered to address certain weaknesses and resubmit its capital plan by the end of the year. Notable failures however were the American units of Deutsche Bank and Banco Santander, which were held back for the second year running, as the pair… Read More
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