Nice buys AA. Just wondering why you're purchasing both RDS.a and RDS.b? I think there is a dividend withholding tax on RDS.a but none on RDS.b. For this reason, I was looking at purchasing B shares only. Thanks.
ADY,Thanks for stopping by. There is no tax withholding if you auto reinvest the RDS.A dividends (which I do).If you take the A shares dividends as cash, you pay the withholding tax. Since I DRIP them, I started buying the A shares (they are cheaper and pay the same dividend as the B shares). cheers,AA
Nice buys AA. Just wondering why you're purchasing both RDS.a and RDS.b? I think there is a dividend withholding tax on RDS.a but none on RDS.b. For this reason, I was looking at purchasing B shares only. Thanks.
ReplyDeleteADY,
ReplyDeleteThanks for stopping by. There is no tax withholding if you auto reinvest the RDS.A dividends (which I do).
If you take the A shares dividends as cash, you pay the withholding tax.
Since I DRIP them, I started buying the A shares (they are cheaper and pay the same dividend as the B shares).
cheers,
AA