British American Tobacco

Reply
  1. #1

    Join Date
    Aug 2013
    Location
    The World
    Posts
    1,129

    British American Tobacco

    Am I right in saying that one is better to buy the UK listing to not incur withholding tax on the dividend instead of the 15% on the US stock?

    Also, how come Google Finance shows the dividend on the UK listing (BATS) is 0.065pc compared to 6.77pc for the US listing?


  2. #2

    Join Date
    Dec 2002
    Location
    ???
    Posts
    32,075

    Never looked at dual listed us/uk stocks.

    Where did you get the 15% number from?


  3. #3

    Join Date
    Mar 2010
    Posts
    5,574

    No, you are mistaken.

    It does not matter where the stock trades,
    what matters is where the company is incorporated. And that is UK.

    As to the yield , always do your own math by going to the company’s website,


    Be careful, Imperial T. just cut its dividend, first reduction in 24 years, so I have read


  4. #4

    Join Date
    May 2019
    Posts
    435

    As an aside, I've often seen it suggested that Philip Morris stock dividends are free of witholding tax as a certain percentage (80%?) of their revenues come from overseas. I don't hold it myself mind you and don't know of anyone who has so can't say for sure.