Member Info for adv11

I've started an argument on the DEC page SD235. Not fair I continue posting here now I am out.
Of course, no one is interested in the plight of others, but I will continue to annoy them. DEC is listed on my brokers site as
Registered Office- 4th Floor, Reading Bridge House George St, Reading Berkshire RG1, so there is no reason to suspect withholding tax is a problem. It is totally unfair that some shareholders lose 30 percent, some 15, and some zero. If everyone
suddenly received 30 percent less dividend there would be an outcry.

Yes !!!! I had 14 dividends due on 28th. May, only two were processed. I still have five outstanding and another three from last week.
I web have 10 days in their T&C's but on another page they have quoted that dividends will usually be paid on the same day as received. I complained this morning, and apparently it is because a lot of companies made the decision to pay dividends in the final week of May and I-web are still processing them.
Of course, most companies pay dividends on the last working day of the month, and it has never been this bad before. I hope that it is simply because of holidays or something. I sort of picture a 90 year old man with an abacus working out investors share, so he maybe deserved a break. Please complain - only if enough do will we get any action.

Mind you, I did forget that to some people, it will always be "the end of the world".
https://www.youtube.com/watch?v=6JWotX1ymGQ

Up 1.5p, 42p to buy. Another little jump like that and I am back in profit. Who would have thought it ? All those fantastic dividends as well. Not the "end of the world" after all.

I would also add that according to my brokers website DEC has a registered address at 4th floor Reading Bridge House, George Street, Reading, Berkshire, United Kingdom. Country of register Great Britain. Currency British Pound.
So why is withholding tax even relevant ?
It is OK people ramping and saying "you'd be a fool to ignore it" - I actually care about others going through what I have been through over the past few years. The "I'm alright Jack" brigade obviously don't want it mentioned.

Certainly agree about the broker, but when I first invested the broker had no idea about the problem. It is purely an ANOMALY, and yes I was told to fill in the form, but then Computershare refused to deal with forms from bank based brokers. Computershare are paid by DEC to handle the dividends, Computershare won't deal with me because I don't hold my investments through them, DEC reached out to Computershare to look into the problem, but nothing was done. I see nothing in my paperwork to say the tax has been stopped. There is nothing further I can do - except sell out. I'm not going to open an account elsewhere just to buy DEC. And I am not going to shut up about it either.

... but as a company, they need to make a statement, investigate and help their investors regarding the withholding tax anomaly. Sweeping it under the carpet is no longer good enough. Will listing in the US solve the problem ? What exactly is the anomaly that prevents bank based brokers using the W8-ben for UK listen US companies ? Why won't Computershare step in and deal with the problem ? Investors shouldn't be expected to find out for themselves and research US Tax laws.
OK the majority of people who post here aren't affected so don't care. Will those who claim the aren't paying any withholding tax via the new App only brokers get a US tax bill in the future ?
DEC - you have a slogan that "Every penny (cent?) counts" - prove it !

Agreed Jstar, except that bank based brokers aren't certified (for some unknown reason) to reduce the tax from 30 percent for US companies listed on the UK stock market. Took me two years to get that information, but no one will discuss it further. I have a W8Ben filled out.
The only answer is to move holding to a different broker, or not to buy DEC at all. But will it make a difference if/when DEC lists in the US, as SD235 says ? Who knows ? The time I put into this defeats any savings I made, and simply, no one at DEC, or brokers understands it, and Computershare won't discuss it. I tried them in both UK and US.

Apparently there is no tax to pay on DEC if you hold them in a Sipp with HL. I web and any bank based broker isn't certified to handle the tax though so Computershare pay out with tax already stopped. I exchanged e.mails with Teresa at DEC a few times, she was very helpful but it didn't lead anywhere. Would love to know if the US government actually get the tax. It doesn't get a mention in my paperwork.

SDV, sorry, didn't get time to reply earlier. Yes I did notice about Hend Far East investing in Vietnam. I've had to buy and sell a few times to top up other holdings, but am now in a position to keep my investments, I will be topping up. Same with Middlefield Canada.
Chelverton has been an ace for me. It was a late discovery and I can't believe how much it has risen. 67percent up. Had bigger gains on Jarvis, BRWM and BR Energy which I took to offset losses I had at the beginning of Covid, have reinvested but ruined my yield of course.
My aim was £2500 a quarter in dividends, which I have surpassed for three quarters running now. That will pay the rent on a seaside apartment and then I can sell my house and invest more. The one fly in the ointment, after years of planning for moving this summer, is a 93 year old mother who keeps me living in a city I hate. I suspect she will outlive me.

Thanks for your comments Zac. Yes I am with Merchants, steady but sure. I started off investing in funds with HL but have moved away from those know. When I started with Quarterly Divi shares I originally found 12, then gradually realised there were over 100. Many too low yield, a dozen or so my broker won't let me invest in as they are listed on SFS or their Kid specifies professional investors. Which leaves me around 70 to follow.
I started in NRR at over £3, but averaged down to £1.33, so not too bad. Only regret is not selling out immediately on Covid, but NRR was one I always felt good about. The cash is welcome to top up a few others.

and while I've been wasting time writing I see there is news out -
NewRiver REIT: Barclays reiterates equal weight with a target price of 72p.
I have just sold my remaining holdings. Good luck all genuine investors still in.

snudge1234 - all depends what brokers you are with. I have battled for a couple of years with the withholding tax problem. It appears that brokers who are part of banks, I-web in my case, can't process a W8Ben for US Companies listed in the UK. No one understands it, let alone DEC themselves. Computershare who handle their dividend payments seem to be the problem but they won't talk to investors unless they are actually Computershare clients. I got compensation eventually from I-web after making an official complaint, but on the grounds I accepted that I would be stopped 30% in future. There are some brokers who apparently pay in full, so the answer is to move to one of those. I tend to trade DEC a bit to help make up for the tax.

Thanks SD235 for taking the trouble. I'm not the worlds best when it comes to understanding balance sheets etc, but I have studied quarterly dividend players for some years. I had a nice little portfolio but got tempted into AIM shares where I came across the ramping gangs in penny oil and lithium companies - and I lost a fortune on most that I ventured into.
I'm back with a portfolio of just under 70 companies that pay quarterly dividends. They tend to keep my interest more than half yearly dividend players, and it is more of a hobby than a desperate attempt to make money. I get annoyed at the rampers and derampers out there because I have experienced the devastation they can cause to people who aren't wise to their blatant lies and deceptions.
I am in Henderson Far East (and HDiv and HHI) as well as Diversified Energy (where I am suffering the 30% withholding tax despite many attempts to get the matter sorted). I currently get over 10% yield on VSL and Regional Reit, the latter after getting in at exactly the right time, and I try and keep my actual yield above 6 percent, although that is getting harder with a few companies cutting future yields.
I'm annoyed with NRR because I stuck with them, and kept averaging down, despite getting no dividends for over a year. I felt sure they would put the matter right eventually. Now I see a very long hard slog ahead for the company. I sold some yesterday, to top up a few favourites, and will sell the rest on any rise, or if I want to top any others up. Actually I have had three really good quarters for both dividends and capital gains, so can take the loss on NRR without any worry.

Hi @Brazil2020 - I-web, (Halifax/Lloyds cheap offering). I left HL because of their superior, public schoolboy attitude. They always know best, even when they are blatantly wrong.
I have actually been very surprised with Iweb's handing of my three PB offers. On the other hand, they have just started hanging on to my dividends. Usually they credit same day as paid, but I still have seven outstanding from a week ago.

PB shares in account. Tick.
Excess cash back in bank. Tick.
Topped up. Tick.
Onwards and upwards.

You are totally correct @DerSack - I believe my shares will be with my broker by now, but they will take as long as they want to credit them. The cash back from PB is within 5 working days, so that will probably be next week. With most PB offers, they closing date is 3 to 4 weeks away, so they have your money locked up all that time. Far better to buy what you want, where you want it, in the open market. The price will never be far away from the offer price.

Many waiting for their PB shares to hit their trading account. Some to sell and make enough to buy lunch, others waiting for their cash back from PB to snap up the traders shares.
I've got neither as yet.

Wow, oilmanmike - you have been ramping this share for weeks and giving some investors false hope about massive dividends. 28 Apr 2021 09:58 you was forecasting a minimum 15p dividend, not to mention winding people up about the script dividend.
OK, you will attack me with your superior knowledge and aggressive oil man attitude - but I can't be the only one who has noticed what you have been doing and your sudden change of attitude.

Haven't digested yet, but 3p dividend twice a year, plus possible top up for REIT. Can't see how they can justify this. Thinking of taking my huge losses and investing elsewhere. Speaking purely as a quarterly dividend investor. Looking forward to other people's views.