I think I'm going to try and call Citibank and get the answer. I'm almost certain that the non-resident tax is being deducted somewhere in the process. And if its 25% or 15% usually if they have a tax treaty with the US, at least for me it makes a difference. If I get an answer I'll let you know
I'm looking at both Nestle and BASFY.....and I can't remember how the non-resident withholding tax works. If the stated dividend is 3% or about 4.2% in the case of BASF....is that what we net off the ADR or is that yield number before tax is withheld?