I purchased 1000 shares of STB on Jan. 9th 2012
Every month foreign tax is paid directly & the remaining amount is reinvested in stock.
Here's the monthly amount (after taxes) that's been reinvested.
04/16/2012 $39.77 Down From Previous Month ?
06/15/2012 $39.33 Down From Previous Month ?
10/15/2012 $42.08 Down From Previous Month ?
11/15/2012 $41.38 Down From Previous Month ?
02/15/2013 $41.97 Down From Previous Month ?
03/15/2013 $41.67 Down From Previous Month ?
How is it possible for the amount to go down on certain months ?
Does the dividend tax change on a monthly basis ?
I'm pretty sure the dividend payout has been the same every month.
$0.0463683 per share
Every month I have more shares than the previous month & unless the tax percentage changes, the net amount should ALWAYS be higher than the previous month.
No, I haven't purchased additional shares, only reinvested dividends.
I am guessing it has to do with the exchange rates between the Canadian and U.S. Dollar. Right now exchange rates are a headwind for U.S. investors, but it the winds may reverse to blow in your direction at some future date.