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Noble Corporation plc Message Board

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  • jimcarrera47 jimcarrera47 Aug 20, 2010 10:45 PM Flag

    ROC rate

    Help, my fidelity account with 2000 shares paid as listed on 8/20

    1078.89 Div
    250.46 ROC
    Do the conversion rates vary depending on the institution/broker?
    Thanks for any clarification

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    • Looks like the same thing one of my taxable accts did, looks like they might have some kind of withholding, which sometimes happens on taxable dividends, but shouldn't on RoCs.

      I've seen deals before where there were slight differences due to different dates used to convert currencies. but this is a so much bigger and identical to mine (per share), so I'm guessing an error in classification. Not the first time ETrade has struggled with NE's Swiss, return-of-capital divi method.

      A phone call will be in order.

      Date posted: 08/19/2010
      Amount: $2,157.79
      Description: ***NOBLE CORPORATION US LISTED CASH DIV ON 4000 SHS REC 08/09/10 PAY 08/19/10

      Date posted: 08/19/2010
      Amount: $500.91
      Description: ***NOBLE CORPORATION US LISTED RTN OF CAPTL 4000 SHS REC 08/09/10 PAY 08/19/10

    • The class as dividend is not correct. It is all ROC.

      The conversion rates looks OK.

      (2000x.56)x.963 = $1078.56
      (2000x.13)x.963 = $250.38

 
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