Banco Santander, S.A. Message Board
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dividend payout
I just received my dividendd from Santander and had chosen option #3 ,stock vs dollars. Td amertrade credited my account showing a purchase price o f $7.2865 per share when the high today was $7.1499., any help explaining this would help.The price on Oct 16th the declare date was approx 7.64, I'm confused
Sentiment: Strong Buy
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When is the next ex-date for the January dividend?
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Just another way of nickel and diming by these big banks! Ripping everybody off is the business they are in. Same thing happens to me by ET and Chase on div payments.
Sentiment: Buy
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I used to have TD ameritrade and switched to vanguard a very long time ago, when td waterhouse was the broker, they were ok, but after it switched to td ameritrade, my dividend payments from other sources started to disappear, after the switch to vanguard, I seen substantial changed and was much happier, good luck and make sure you monitor these carney game playing shysters.
Sentiment: Strong Buy
- 1 Reply to longtimehr
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I also see Ameritrade gave me cash instead of shares. So far they have not answered WHYafter 2 inquires.
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I wanted to take the shares as well. The information my broker mailed me said that option 1 was for new shares (not option 3) and that it was the default if you didn't specify. I didn't specify based on this and received $$ minus the Spanish tax. I am PO'ed! Did this happen to anyone else? Is there a way to recover the foreign tax?
- 2 Replies to lsv8dude
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and the default was new shares, If you didn't specify then you can tell/complain to your broker. they should reverse the entry and give you the shares. You might want to sit on the funds though and buy it yourself when the sp pulls back below 7.29. glty
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depends if it's in a cash or retirement account. if in cash account you can get a credit when you file your taxes. In a retirement account, no. Ck with your accountant is usually sound advise.
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I'm happy $$$ its a NICE chuck of change!! Good luck with trying to get a payoff like this with something else$$$
Sentiment: Strong Buy
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The stock dividend purchase price per share is calculated using "the average of the weighed average price of a Santander share on the Spanish Stock Exchanges in the five business days prior to the date on which the Executive Committee of Santander resolves to carry out the relevant scrip dividend, rounded up or down to the nearest Euro thousandth." This price average is then divided by the Conversion Ratio plus one to determine the number of shares. You can get further details on the Santander website.
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I think what happened was that TD charged you a commission to buy you the shares and added
it to the cost basis. that is why you were charged a higher price.- 1 Reply to A Yahoo! User
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They use an average trading price for a certain defined period during the previous quarter. You can find it on their website, but that's why.
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