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Kinross Gold Corporation Message Board

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  • JohnnyCanuk JohnnyCanuk Jul 16, 2005 12:17 PM Flag

    Special day for GG invesors

    "GG for the "free" $.15 dividend."

    First, it is NOT "15 cents", it is "1.5 cents" ...

    Second, it is not "free" for several reasons ... one, it is taxable income to you; two, the Canadian government will withhold 15% "non-resident tax" (which you can claim as a tax credit on your personal income tax return); three, the stock price will tend to drop by the amount of the dividend; less funds available for the company to invest in internal growth hence reducing the value of the stock and the company over the long term ...

    If you need cash flow from your investments to live on, that's fine ... but there are much better alternatives than a lousy 1% annual dividend that is far from "free" ...

    jc

 
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