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Ah I see yes filled in the W-8BEN so hopefully may give me 15% back,Thank you so much for your help.
This is from the H L site. Looks like 30% is what they would normally take but your share dealing platform should be able to claim back 15% once you've filled in the relevant form.
Withholding tax is a tax levied by an overseas government on dividends or income received by non-residents. For example, the US Government charges non-US residents’ withholding tax of 30% on any income received from US investments.
The UK government has double taxation agreements (DTAs) in place with many countries to reduce the amount of tax paid by UK residents. In these circumstances, it may be possible for investors to reclaim all or part of the withholding tax paid. You will need to contact the relevant tax authorities to determine their requirements as these may vary from country to country.
Where possible we will claim reduced withholding tax payments on US and Canadian stocks for investors who have provided us with a valid W-8BEN form.
So as long as you have filled in a W-8BEN form you should get 15% back.
Waiting on them getting back to me is 15% the normal rate then ?
rutts234 I am with H L and I have received my dividend with just 15% tax taken off it so I would query that.
I wonder if anyone coukd help me or point me in the right direction,I just looked at my income statement with freetrade and I have paid 30% tax is this right,I have googled but can't find any information and awaiting answer from Freetrade.
That's interesting Bob - there is this get out clause though. I can't really see them wanting to lose a major dividend source. Surprised the still hold XPP as the yield is below their remit.
"a maximum of 20 per cent. of the Group’s portfolio may be invested in companies without reference to their market capitalisation at the discretion of the Investment Manager".
adv11 - It looks like SDV will have to sell DGOC, they target AIM companies which are capitalised at less than £500m
I was looking at Chelverton UK Dividend Trust plc (SDV) today, and noticed that DGOC is their top holding at 3.39 percent of the trust.
Hitting 110 and failing back is a normal story for DGOC. One day the masses will realise what a gem the company is. Hopefully not too soon as I'd like to buy more at below £1.
totally agree, I was just thinking about the volume of share sales gone through today ahead of what should be a steady demand for shares over coming months.
Any purchase under 110 is a good one. The price will fluctuate with gas prices, people taking some profit or chasing a popular share. The company is solid and generating plenty of cash so not too much to worry about. If gas prices predictions are correct we may see a nice steady SP increase.
i think one of the big holders like HSBC is offloading some shares ahead of it being a FTSE 250 stock, as they may not be able to hold that high a % of a FTSE 250 company. Hope I am right, otherwise don't understand this drop beyond ex-div price given all good news and heading into FTSE 250 on 21 Sept. I have just pre-bought some more with the cash I will receive from the divi, in the hope the price is much higher when receive the divi post FTSE 250 entry so can sell equivalent £ value of shares at a higher price. We will see by end of Sept if that was a wise move or 2 hours of machinations I am not getting back......
CQS NATURAL RESOURCES GROWTH AND INCOME PLC Final Results Today -
The Fund continues to underweight the E&P sector and related equity exposure remains minimal at just 4% of NAV. Given the much needed and substantial US production cuts required to restore crude markets to balance, the Fund has instead increased exposure to Diversified Gas & Oil which should benefit from reduced output of gas, a by-product from onshore oil production, whilst paying a healthy 11% dividend.
Monday 21st Sept.
And when do the FTSE 250 income investors arrive?
We are in!
Yes......
https://mondovisione.com/media-and-resources/news/ftse-uk-index-series-quarterly-review-september-2020/
.........The FTSE 250 Index will see the following changes (in alphabetical order), in addition to the amendments described above.
Entering FTSE 250 Index
Baillie Gifford US Growth Trust
CMC Markets
Diversified Gas & Oil
Hipgnosis Songs Fund C *
Indivior
ITV
JPMorgan Euro Small Co. Trust
Premier Foods
SDL
Vectura Group
Exiting FTSE 250 Index
B&M European Value Retail
Bank of Georgia Group
Barr (A.G.)
Equiniti Group
Finablr **
Go-Ahead Group
Hammerson
PayPoint
PPHE Hotel Group
Temple Bar Inv Tst...........
DGO confirmed as entering FTSE 250 on 21 Sept, excellent news
https://www.investegate.co.uk/diversified-gas--amp--oil-plc/dgoc/original-research--diversified-gas--amp--oil-pl---/20200901160633EHVIR/
First Berlin Equity Research has published a research update on Diversified Gas & Oil PLC (ISIN: GB00BYX7JT74). Analyst Simon Scholes confirms his BUY recommendation and increases the price target from GBp 130.00 to GBp 150.00.
Summary:
Following the H1 results, we have revised our dividend discount valuation of DGOC shares to include both a higher dividend in the second quarter of USD0.0375 (FBe: USD0.035) than forecast and rising gas futures prices since ours Cover recording at the end of June. Based on a futures curve rising for the remainder of this decade and DGOC's existing hedge portfolio, we expect the company's realized natural gas prices (after the impact of cash-settled derivatives) to be in the USD2 range over the next five years .34 / mcf to USD2.57 / mcf will remain stable. This compares to our 2020 forecast of USD 2.30 / mcf. The full cash cost for H1 / 20 (after operating costs, investments, costs for closing wells and cash interest) was USD 1.36 / mcf. This indicates a free cash flow return on sales of at least 42% to 47% over the next five years (economies of scale should lower unit costs as the company expands). DGOC should therefore have enough firepower to continue the regular acquisitions that have secured over 95% of its current production since early 2017. The goal of DGOC is that no less than 40% of the adjusted free cash flow, defined as adjusted EBITDA (hedged) minus maintenance investments, interest expenses and costs for the decommissioning of wells, should be paid out as dividends. According to our forecasts, the payout ratio based on the current dividend level will be 43% this year and 44% in 2021. We therefore consider the current dividend to be sustainable. The combination of a dividend yield of over 10% and strong and stable cash generation confirms our view that the stock is significantly undervalued. In addition, the current market capitalization justifies the inclusion of DGOC in the FTSE 250 index. New index members will be announced after the market closes on September 2nd with effect from September 21st. Our recommendation is to buy with a price target of £ 1.50 (previously: £ 1.30).
You can download the full analysis here: http://www.more-ir.de/d/21507.pdf
.
Q1 2020 dividend of 3.5 US cents per share
Ex-dividend Date: 3 September 2020
Record Date: 4 September 2020
Payment Date: 25 September 2020
Q2 2020 dividend of 3.75 US cents per share
Ex-dividend Date: 26 November 2020
Record Date: 27 November 2020
Payment Date: 18 December 2020
We go ex divi on 3rd my hope is a drop in price again for big top up,fingers crossed (well for me).
MrG Re divi is that ex div on the 3rd or paid?
Looks like the gas market is getting pretty edgy in the US.
https://www.tradingview.com/symbols/CURRENCYCOM-NATURALGAS/
https://oilprice.com/Energy/Energy-General/US-Natural-Gas-Power-Generation-Hits-Record.html