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Is the info going to return to this page or will it move to another
CK - many thanks, I've been paying 15% so HL must have everything sorted correctly.
It's 30% withholding tax on the dividend, 15% if you have completed a W8-BEN form in or out of an ISA, but 0% if you've completed the form and have them in a SIPP, assuming your broker is doing everything right on their end.
This is great news they've moved in to a new area with fresh/better opportunities, no doubt they had already snapped up the best available assets in the Appalachian Basin, the share price has a long way to go to reflect how much DGOC has grown in the last few years, it's hardly moved in that time compared to the ever increasing prodution.
Thanks - Interesting article - particularly on the Haynesville field which is what DGOC has just bought into and seems to be the next big thing after the Appalachian Basin with good Co2 numbers and preferential Gulf coast pricing. Smart move by Rusty & team. Downside of the article is the increasing (record) gas volumes expected to be produced in the US in '22 which usually means price pressure
Love my divis here, just keeps giving.
Vista man -I'm a newbie here,
I saw your comment on withholding tax in a SIPP and wondered if you would know if it was the same in an HL ISA.
Thanks in advance.
Market likes this morning’s news accompanied by Septembers great dividend for Q1 of 4c.
Held for years and never any need to check from day to day, DGOC tend to look after themselves.
Rusty doing what he does, adding cash flow. And opening up another area to expand into. Should see a 5-10% rise in the dividend next year. For a company which has consistently increased the dividend since it floated, the yield is awfully high
Oil price causing the rise.
I've been wondering why the recent sp rise also. Not sure if this link explains the full picture?
https://oilprice.com/Energy/Natural-Gas/The-US-Could-See-Record-Natural-Gas-Production-In-2022.html
https://www.share.com/investments/shares/26025/diversified-gas-and-oil-share-price#brokerviews
Ah that's interesting. I hold DGOC in DEGIRO and a 212 ISA. Completed the form on both sites. DEGIRO take the 15% but just checked 212 and they don't. That's a bonus.
Regarding 15% US witholding tax, if you hold your shares in a SIPP and have a completed W8-BEN on file there is NO witholding tax as there is a US/UK tax treaty. My account is with HL. I have lost track the number of times this question has come up on this BB.
Good move to buy in to DGOC. Expect the price to increase as we approach the next dividend. I cannot see it being too long until the next acquisition is announced. As for the tax, i'm afraid we have to pay at least 15% on US shares.
hello guys, for an Italian investor who is already taxed at 26%, what is the additional tax on dividends I should pay?
regards
Welcome Thronegames - I've held these since March 2019, nearly 50% of my portfolio now, holding mainly for the dividend, but do you know what tax is withheld on DGOC. If not, you don't need to go back far on this bb to see the issues some are having.
Have been looking at this company for a while and I like the prospect of positive news flow when they acquire assets during the year - which they have committed to doing. I bought in at 113.6p today. The 10.7% yield was a big draw for me too. I had been pleased with my investment in TOTAL SE which yields 7% but had a shock today as my broker tells me that the French Government retains 30% of that in tax. I also hold LGEN and IMB for the high yield. Also BP for oil price recovery as economies open post COVID....hopefully. TOTAL SE I will probably sell as that info came as a nasty surprise.
Rusty: "The reaffirmation solidifies our liquidity as we continue to evaluate opportunities to create stakeholder value by enlarging our portfolio of producing and midstream assets over which we can deploy our Smarter Asset Management programmes."
Exactly correct Adv11
spent 15 minutes in a queue to get through to the dividend department of Halifax sharedealing whereby the guy put me on hold when I mentioned the fact that I had completed a W-8BEN form and yet I was still being taxed 30% on this dividend.....he then put me on hold again (to do some checks).....he then pointed me to the text I posted below .....quite annoyed. Basically the advertised divi isn't what you get if you trade via Halifax.
in my experience, the latter part of Stalin_ESQ post only applies if you are using a bank as your stockbroker ie Lloyd, Halifax, I-web, Barclays, HSBC, where as a "proper" stockbroker will stop 15% withholding tax.
I am also told that the tax is taken (either 30 or 15 percent) by Computershare before the bank/stockbroker receives the dividend. DGOC told me to speak to Computershare to sort it out, but I was just ignored.
Basically I think they just do what they want because they know most investors aren't knowledgeable enough to argue their case.
In most cases when you complete a W-8BEN form you will only pay the 15% Withholding Tax rate instead of 30% on US listed shares paying US sourced dividends. For UK listed shares paying US sourced dividends a 30% Withholding Tax rate is applied even if you have a W-8BEN form in place.
Thanks for the info Commandokai. Where do i officially get those forms from, my stockbroker? Should they automatically send me one as a DGOC shareholder?
If the form's done you'll save the full 30% if its in a SIPP due to a tax treaty on pension investments, but only 15% saved if its in ISA or trading account.
It's about the only reason that's tempted me to get a SIPP, but the costs outweighed the savings to start a SIPP just for a single holding for me, as well as the inflexibility of it, so I didn't buy my DGOC in one. But if you already have a SIPP it makes sense to buy these in there if you can.
Scratch - that's what I thought but thanks for confirmation.