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Chase Corporation Message Board

bugzie913 8 posts  |  Last Activity: Apr 16, 2014 7:27 AM Member since: Jun 26, 1998
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  • Reply to

    Dividend options

    by tjmcreary Apr 16, 2014 7:17 AM
    bugzie913 bugzie913 Apr 16, 2014 7:27 AM Flag

    If you believe as I do that the prospects for SAN are bright and the company is undervalued at current levels, taking the dividend in stock is the obvious choice. On the other hand, there is always a risk to owning stock, so you have to decide whether you're willing to accept the risk of owning more.

    Bugzie

  • ... SAN will go to 12 or 13 without a problem. That would be great, but I hope he's not being overly optimistic. Of course the dividend still takes the pain out of waiting.

    Bugzie

    Sentiment: Buy

  • Reply to

    dividend

    by saavyinvestor2333 Mar 10, 2014 12:28 PM
    bugzie913 bugzie913 Mar 10, 2014 4:53 PM Flag

    Based on last year the next dividend should be paid around May 10 with a record date about a month earlier.

    Bugzie

    Sentiment: Buy

  • Reply to

    Scrip dividend

    by jbpsb1 Feb 20, 2014 9:51 AM
    bugzie913 bugzie913 Feb 20, 2014 9:57 PM Flag

    The scrip dividend does create dilution, but IMHO it is the uncertain outlook for the Spanish economy that is holding SAN's stock back. I think the outlook for SAN is good, especially because the majority of profits comes from outside Spain. In an IRA account I'd take the dividend in stock and buy shares to round up to the nearest hundred (or thousand if you can afford it). With a high not currently taxable yield the power of compounding is impressive.

    In a taxable account one might prefer cash as the Spanish tax can be used as a credit against US taxes, but the taxpayer must put up with the complexities of Form 1116.

    JMO. Not everyone has the same tolerance for risk.

    Bugzie

    Sentiment: Buy

  • Reply to

    Scrip dividend

    by jbpsb1 Feb 20, 2014 9:51 AM
    bugzie913 bugzie913 Feb 20, 2014 10:15 AM Flag

    There are 3 ways to collect SAN dividends. First, take cash less a 21% Spanish withholding tax; second, take the dividend in stock based on a ratio to be established by SAN of x number of new shares for every y number of shares owned; third, have SAN sell the rights to your new shares on the open market and transmit the proceeds to you. No tax is withheld under options 2 and 3.

    If anyone has a different interpretation, please feel free to correct me.

    Bugzie

    Sentiment: Buy

  • Reply to

    wow DOWN 12%

    by andersonbrian33 Feb 18, 2014 1:44 PM
    bugzie913 bugzie913 Feb 19, 2014 5:41 PM Flag

    Just read that the bad well test results were based on partial testing. Only 7 of 22 plugs could be drilled out due to down hole problems. SN expects to have a rig return in March to drill out the remaining plugs and complete testing. Maybe this news will help to stabilize the stock.

    Bugzie

    Sentiment: Hold

  • I believe that SAN intends to continue paying an annual dividend of 60 Euro cents (about $0.82 at current exchange rates). I've seen some publicized opinions that SAN will sooner or later have to cut the payout. Just wondering what others think.

    Bugzie

    Sentiment: Buy

  • Reply to

    dividend withholding

    by cantquitnow Feb 14, 2014 3:32 AM
    bugzie913 bugzie913 Feb 14, 2014 2:23 PM Flag

    Spanish withholding = 21% on dividends paid to a US citizen if you take the dividend in cash.

    Bugzie

    Sentiment: Buy

CCF
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