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Telefonica Brasil, S.A. Message Board

d_r_l_1976 9 posts  |  Last Activity: Dec 18, 2014 9:47 AM Member since: Aug 18, 2009
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  • Reply to

    Still No Dividend?

    by bi11thompson Dec 9, 2014 1:24 PM
    d_r_l_1976 d_r_l_1976 Dec 18, 2014 9:47 AM Flag

    Hi bi11,

    I elected to receive "optional" dividends at Scottrade as shares instead of cash, specifically for this stock to beat the Spanish taxes. Unfortunately I hold this in an IRA and a Roth, so there's no foreign credit at tax time for those accounts. I believe shares were the default issue for this dividend, and Scottrade also gave me the option to change my selection, although I missed that window. The last date to choose was 11/24.

    The transactions now show in my account with no tax, and a $0.025 a share ADR fee (I think Citibank takes this cut for the ADR). The transactions are confusing, so I will call my broker today. It looks like there is one transaction for a cash dividend at .41596 a share, then another negative transaction buying 2.87% of my holding shares at $14.6941 per share. Thankfully no partials, but still confusing.

    Sentiment: Hold

  • Reply to

    Still No Dividend?

    by bi11thompson Dec 9, 2014 1:24 PM
    d_r_l_1976 d_r_l_1976 Dec 17, 2014 11:10 PM Flag

    I see the dividend shares in my Scottrade account, but the transaction is not there yet. Still hoping to beat the Spanish dividend tax, should know tomorrow.

    Sentiment: Hold

  • Reply to

    Still No Dividend?

    by bi11thompson Dec 9, 2014 1:24 PM
    d_r_l_1976 d_r_l_1976 Dec 16, 2014 2:20 PM Flag

    Citibank ADR site says payment date 12/17. I hope I can take the stock option so there's no Spanish tax withholding.

    Sentiment: Hold

  • Reply to

    Is today ex-div?

    by nedelkay Dec 1, 2014 10:50 AM
    d_r_l_1976 d_r_l_1976 Dec 4, 2014 2:36 PM Flag

    It was ex-date for the ordinary, but not sure about the ADR. The real question is, when will this get paid for the ADR? There are 5 different tranches of payments announced since August, but I've yet to see a pay date.

    Sentiment: Hold

  • Reply to

    osborne letter

    by cantpickastock Oct 1, 2014 12:37 PM
    d_r_l_1976 d_r_l_1976 Oct 8, 2014 10:39 AM Flag

    Also confused. There was one letter dated August 12 which ripped the board with derogatory nicknames and basically compared them to Germany in the 1930's and during WWII. The second letter was dated September 9 and basically ripped the new COO. The third page was a spreadsheet explaining the company's possible exposure with the disclaimer "these are only estimates if everything in court would go our way". I couldn't follow the spreadsheet. Are these the rantings of a bitter ousted CEO, or someone who has legitimate concerns about the company? I really can't tell. I'll stick around as long as they keep paying dividends. $13 a share for a buyout offer still sounds great to me.

    Sentiment: Hold

  • Reply to

    2nd Installment of Extraordinary Dividend

    by g_squared_57 Oct 6, 2014 11:07 AM
    d_r_l_1976 d_r_l_1976 Oct 8, 2014 10:33 AM Flag

    I see the dividend in the Fidelity account this morning, but not in Scottrade yet. It will probably be there tomorrow. It's too bad they couldn't have paid this BEFORE the election results so we could have had a lower price for the reinvestment. I think the price now depends on the October 26 election results. If Dilma wins, it's going to dive. If Dilma loses, it will be more favorable to investors in the short term. Longer term it's harder to tell with PT (Workers party) winning the governorship in Minas Gerais.

    Sentiment: Hold

  • Reply to

    2nd Installment of Extraordinary Dividend

    by g_squared_57 Oct 6, 2014 11:07 AM
    d_r_l_1976 d_r_l_1976 Oct 6, 2014 3:15 PM Flag

    Scottrade has the same. Fidelity and Citibank ADR have nothing. Scottrade usually shows up a day later, so will check back on Wednesday-Thursday.

    Sentiment: Hold

  • Reply to

    Loopy and the spammers

    by superhigh_penthouse_naplesflo Sep 20, 2014 1:13 AM
    d_r_l_1976 d_r_l_1976 Sep 23, 2014 5:04 PM Flag

    Just received the announcement from CEMIG on the next dividend payment, September 30 in Brazil. No update yet from Citibank on when we will receive it in the US.

    Sentiment: Hold

  • d_r_l_1976 d_r_l_1976 Sep 22, 2014 4:17 PM Flag

    The government of the state of Minas Gerais owns a significant portion of CEMIG. If you look for CEMIG in google news, you will find several articles (in Portugese) referencing the leader off the PT party, which is in the lead in polls for the October elections, saying that CEMIG should be "less market oriented" and more focused on serving the citizens of Minas Gerais (e.g., lower electric rates). I think a lot of shareholders would rather sell than see what the PT party has in mind for CEMIG. I'm going to hold and collect dividends. I might buy more if it gets to $5.

    Sentiment: Hold

VIV
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