Rober01
11 Aug 2017
Re: Dividend Tax You are right what you will get is 26.28 as per the previous payments. The company pays the withholding tax.tax!!!
Medway Man
11 Aug 2017
Re: Dividend Tax As I read it, they are paying the greater amount in the knowledge that the tax will be applied, so that we get the dividend they want us to have the lesser amount; whereas in the past the tax taken has meant we have received less than they intended. Good on them for doing that......... I would not worry what may be detailed on any site if at the end of we end up getting cents 26'ish (cents 29-tax) rather than cents 26 and then tax taken on pay date. I actually increased my holding by 50% recently and plan on doing same, when I have freed up some cash in my ISA.
Windlesham Don
11 Aug 2017
Re: Dividend Tax I really don't understand the increase, which doesn't appear to have happened in any other year (according to their website). Indeed, their website still states EUR0.2628 as the third dividend.Do we actually receive this additional amount, or is it an accounting figure that is added and then removed for tax purposes?
Medway Man
11 Aug 2017
Dividend Tax Don't forget that they have increased Aug 17 divi to cover Dutch Tax .....see>>>>>>August Dividend European Assets Trust announces that a gross dividend of Euro 0.2964 (net rate - Euro 0.2628) per share will be paid on 31 August 2017 to shareholders on the register on 11 August 2017, having an ex-dividend date of 10 August 2017. This will result in total gross dividends paid for the year of Euro 0.822 (net dividends - Euro 0.7884) per share. The August gross dividend is increased to offset the element of Dutch withholding tax applicable and provide an annual payment to shareholders representing a full 6 per cent of closing net asset value per share of the Company at the end of the preceding year. Elections for scrip dividends must be received by the Company's Registrar, Computershare Investor Services PLC, by the record date in order to apply to this payment.
hanoiboy
10 Aug 2017
Re: Dividend Sterling Exchange Rate The definitive methodology is not published. However, the amounts can be found at[link] do not appear until after the divi has been paid.The amount you get has an element of Dutch Withholding Tax if taken in cash. See previous posts under "Dividend"
Windlesham Don
10 Aug 2017
Dividend Sterling Exchange Rate Hi there,Relatively new to this fund - can anyone tell me how/when the euro/sterling exchange rate for the recent divi is announced?Thanks in advance,
Windlesham Don
09 Aug 2017
Re: Still a nice problem to have Regarding our 'other' discussion this is a much better fund to be in IMO! ;o)It sounds like we may have a few more holdings in common, as my aim is also to fund retirement with a broad spectrum of ITs, in total returning around 4% real absolute growth with the minimum of risk.I've only held this IT for a short while, initially just dipping my toe in the water, but it has performed very well.As you mention, the rise in NAV bodes well for the ongoing dividend and so I will probably look to add some more on SP weakness.Best of luck!
marktime1231
09 Aug 2017
Still a nice problem to have EAT still powering ahead, beating my expectations for the year already. The slight premium to NAV may be knocked off by going ex-div tomorrow, underlying performance still progresing strongly though.As the sp increases so will the pay out by the 6% formula, but I haven't worked out yet how the GB:EUR rate movement will balance out, the timing of the portfolio valuation in Euros for dividend purposes is key. I think that comes at New Year.Hopefully next year's dividends in £ will be stronger, as a long term holding I am as interested in the income stream as I am in the sp development. Once you have your return in cash they can't take it back off you.
strapuk
20 May 2017
Re: Augmented natural yield a nice problem? I agree, I really can't see the issue here. We are constantly told that it is "total return" we should be looking at. For those seeking an income, surely this type of trust is ideal as it means shares don't need to be sold to create an income, the Trust effectively does this for us.I appreciate that in a downturn the capital is being eroded to maintain the divd, but if this is such a worry to holders, they can simply stop taking the income and reinvest instead. After all that is what we are told to do with "normal" shares - i.e. reduce the amount of income taken until things improve.In addition, by linking the divd to NAV, the divd will automatically be reduced annually anyway should there be a downturn.Happy to hold and add monthly as a core holding.
marktime1231
19 May 2017
Augmented natural yield a nice problem? I am a huge fan of EAT for its 6% of NAV yield policy. It is a core holding, and is a major component of other investment trusts which are considered low risk/volatility. A commentator recently advised against EAT as a long term holding because it has a policy of boosting its natural yield by cashing in some of its capital gain. That hardly seems a problem to me, especially when EAT is growing at 28% a year.Why (or when) is it a problem exactly?
jayanragavan
13 Oct 2016
Re: Switch from BRGE to EAT Only since july.....j
Ronald Rose
13 Oct 2016
Re: Switch from BRGE to EAT Cant see why when TRG is a better bet by far
Topsham Boy
13 Oct 2016
Switch from BRGE to EAT I notice that the Maverick Portfolio has added to its holding in EAT ...[link]
My name is Bond James Bond
09 Oct 2016
Re: Dividend Just to add to my previous post that EAT do a calculation and pay out more than 6% gross so that after tax is witheld on tha basis of calculations made the UK investor recieves a net 6%. bearing in mind this is 6% of NAV not 6% of market price. Current NAV is 1130p as against market price of 1045p so net dividend for 2017 would be 67.8p = 6.5% based on current values. Tha gross payment would be slightly ahead of this taking nto account dutch witholding tax. Regar
My name is Bond James Bond
08 Oct 2016
Re: Dividend The dutch witholding tax is charged on that element of dvidend distribution that is classified as income distribution. It is not charged on the capital distribution. I believe the effective dutch witholding tax rate is around 6% of the total distribution as the greater part of the dividend is out of capital. trust fees are charged against the dividend income of those shares held not against capital to further reduce the distribution liability. So not all doom and gloom if you take dividend as cash. Not to sure how changes to UK dividend taxation affects the ability to offset the witholding tax against your overall dividend tax bill however? IBT have announced that they are to start paying a 4% yield out of capital and based on a percentage of NAV and not the market price of the trust. This is to make the trust more attractive to those seeking income and to help narrow the gap between market price and NAV. Apply the same principle to EAT and you start to appreciate the benefits of this method of dividend calculation. The weakness of sterling and, for this trust, the unusually high discount against NAV, gives this trust an appeal at these Brexit times for those seeking a shelter in Euro assets. This trust normally trades at around NAV. Regar
