Query on dividend payment in Degiro

p to the e

About to shoot an email to Degiro but not sure of response time so thought I'd ask here if anyone has had any experience of the same issue.

Have shares in Glanbia (ISE:GL9) and it went Ex-Dividend on 17/03/2016. So in Degiro any upcoming dividend payments sit below your portfolio and are removed once payment is made.

I've checked online and it seems that this payment was supposed to be issued on 29/04/2016. The issue is that this payment was never made and is still sitting below my portfolio.

Anyone have experience with this?

As an aside the dividend tax on these dividends appear to be 26%. This is wrong right? I calculated this by dividing the dividend tax by the dividend and multiplying by 100.

Geuze

p to the e wrote: »

As an aside the dividend tax on these dividends appear to be 26%. This is wrong right? I calculated this by dividing the dividend tax by the dividend and multiplying by 100.

Did you divide by the net or gross dividend?

Dividing by the gross div would be correct.

p to the e

Geuze wrote: »

Did you divide by the net or gross dividend?

Dividing by the gross div would be correct.

These are the figures according to Degiro (don't laugh at my paltry dividends) and appear under my portfolio.

Dividend = 4.40
This is in line with what Glanbia says it paid per share (0.0722 per share) and the number of shares I own (61).

Dividend Tax = 1.16

This works out as a dividend tax of (1.16/4.40)*100 ≈ 26% right?

Geuze

I see your point.

DeGiro seem to be applying more than the Irish 20% DWT.

Prezatch

I had an issue before where they were only charging 15% on dividends from an Irish company (a Dutch DWT rate). Back and forth with emails it never got sorted and I eventually gave up. Trying to get a proper explanation as to their treatment was not easy. I confirmed with the Revenue that what they were doing was wrong also

p to the e

JoeyD wrote: »

I had an issue before where they were only charging 15% on dividends from an Irish company (a Dutch DWT rate). Back and forth with emails it never got sorted and I eventually gave up. Trying to get a proper explanation as to their treatment was not easy. I confirmed with the Revenue that what they were doing was wrong also

Maybe I got charged 26% because you got charged 15%

Got a reply today regarding the payment (or lack thereof):

"Thank you for your patience. Our clearinghouse has only just paid out this dividend and you should now see the funds in your account."

valoren

Do they use the Irish enchashment tax of 20%?

TiGeR KiNgS

FYI, your dividends should go into the cash funds in DeGiro.

p to the e

So I checked today and the dividend payment was processed with a tax value of 0.88 instead of the value which was initially quoted i.e. 1.16. This leads to a tax percentage of (0.88/4.40) = 20%. Weird. So to sum up, my 28 cent is safe.