Let's use my position in WAMKQ as an example: $25.00 pay out per share $00.23 my cost basis ====================== $24.77 taxable profit X .15 LTCG Tax Rate ====================== $3.72 Federal tax due $24.77 taxable profit -$3.72 Tax ======================= $21.05 PURE NET PROFIT $21.05/$0.23 = 9152% Profit