United Microelectronics Corporation Message Board
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UMC is a great buy!
<EOM>
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I don't think the stock "dividend" is considered a dividend when it comes to taxes. The reason is that this is just a form of a stock split. We get a few more shares, but the shares lose value. Therefore, there is no real gain to the shareholders.
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Also, the 1099-DIV from my broker did NOT report the shares as a dividend.
FYI.
Chipsi -
My UMC dividend from last year was reported as 'Foreign Tax' paid in Turbo Tax.
Not sure how TT treated it.
Chipsi -
Is UMC stock dividend taxable ?
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UMC (2303 TT, NT$54.5) jumped 2.8% on decent volume on news of orders from Texas Instruments, which traditionally places orders with competing IC foundries. Estimates are that UMC sales will grow 25% to 35% quarter-on-quarter in 2Q02 and capacity utilization will surpass 70% by the end of 2Q02
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It's bargain for everyone
- 1 Reply to elefantedoro
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Help!!! Does anyone know when the 15% stock dividend will be paid????
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