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Share split as dividends

  • 14-02-2020 7:42am
    #1
    Registered Users Posts: 14,610 ✭✭✭✭ Supercell


    I own some BAM in my portfolio. In their ER yesterday they announced that they are going to do a 3 for 2 share split as dividends.
    The dividends will apparently have a nominal zero value so they are non-taxable in the US and Canada, however is that the situation here in Ireland? I use Degiro in case that's relevant.

    I assume Degiro are used to this sort of thing and I'll just see an extra 50% shares in my BAM balance on split day - is that right?

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Comments

  • Registered Users Posts: 874 ✭✭✭ bcklschaps


    Supercell wrote: »
    I own some BAM in my portfolio. In their ER yesterday they announced that they are going to do a 3 for 2 share split as dividends.
    The dividends will apparently have a nominal zero value so they are non-taxable in the US and Canada, however is that the situation here in Ireland? I use Degiro in case that's relevant.

    I assume Degiro are used to this sort of thing and I'll just see an extra 50% shares in my BAM balance on split day - is that right?

    Correct


    and may I add ...thats a sweet dividend :-)


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