Thanks. I do own RDS-B shares in a taxable account and in an IRA. I took the dividend in cash in my IRA because I heard that the dividend would be reinvested into shares of RDS-A, not RDS-B.
However, I decided to reinvest my RDS-B dividend in my taxable account and it was reinvested into shares of RDS-A, which is confusing. Luckily, however, there was no 15% withholding.
I know that anyone who receives the dividend from RDS-A in cash will be subject to the 15% Dutch tax withholding. Is the dividend also subject to the 15% Dutch withholding if the shareholder receives the dividend in the form of more RDS-A shares under their scrip program?
I figured it out. There is a 1 cent/share ADR fee deducted from the dividend.
The Inverse VIX Short Term Futures index is on fire right now! When SVXY dropped into the upper 40s at the end of January, some people here were thought it was going much lower. Yet here we are approaching the mid-80s. SVXY may break through $100/share by the summer.
I do admit that the drop from mid-Oct 2014 through Jan 2015 caught me off guard and reminded me of just how volatile and unpredictable the underlying index is.
Sentiment: Strong Buy
I purchased my first shares of BTI through Fidelity in early March and automatically reinvested my first dividend. I was charged a small reinvestment fee. Is this an ADR fee?
I have read in several places that the amount of the dividend paid on 5/12/15 was supposed to be $3.105924/share. However, I checked my Fidelity statement and it looks like I actually received $3.06167/share. That isn't a huge difference, but it about 1.4% below what I thought it was going to be. Is this discrepancy due to strengthening of the US Dollar relative to the British pound?
I think that the company wants to increase its total dividend amount/share every calendar year. However, since the last increase was in the middle of 2014, even if they don't increase the dividend at all this year, the total dividend/share payment will still increase. For example, PM paid $3.88/share in 2014, so if they leave the dividend where it is, the payout in 2015 will be $4.00/share.
Assuming the Dollar stops strengthening or the rate at which the Dollar strengthens slows next year, I think we'll see an increase in 2016.
Fidelity and other brokerages will reinvest dividends for free back into more shares of the stock. However, if you wanted to add additional small investments over time, such as $250/month for a few years, you can do this through 3M's official direct investment/DRIP program without incurring any commissions or other fees. If you did this through Fidelity, you would be charged a commission each time you bought another $250/month or whatever the amount was.
The main drawback of 3M's official program is that you need to transfer at least one share in your name, not street name, to their transfer agent. There may be an inexpensive way to do this, which is why I asked the question.
No, I sold my LBJ last year and used the proceeds to buy BRZU, which has performed even worse.
Luckily I also have speculative positions in TQQQ, UPRO, and SVXY/XIV, which are each up. TQQQ, in particular, is up a lot and more than makes up for my paper losses on LBJ/BRZU.