Replies to post #551 on Seagate Technology (STX)

[eastunder]

The thing about STX is you have a foreign tax on the dividend.

and its a 25% tax.


Basically on 1000 shares - you get your div of $650 bucks but then at the same time you have $162.50 removed from your account for 'Foreign tax paid'.

So your 650.00 quarterly income just dropped to $487.50

or a .4875 div (after foreign tax automatically withdrawn at the same time your account receives the dividend)

So.... technically that means YOU aren't really getting an annual dividend of 2.60 (unless you don't pay a foreign tax)

Once the tax is paid you are actually getting 1.95 or 4.3% annual returns based on todays PPS

Right?

But STX has a good chance of a PPS rise and there is that.