REFS is
a mine of invaluable information for the private investor.
Selecting shares without its help is like trying to
clap with one hand tied behind your back.
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Foreign
income dividends
Attention
is drawn to the presentation of companies which declare all,
or part, of their annual dividend as a Foreign Income Dividend
(FID).
FID's do
not carry a tax credit for tax exempt shareholders to reclaim.
To compensate, the FID element of the dividend declaration is
enhanced by 25% with UK Income Tax becoming payable by shareholders
who are assessed for it.
For comparison
purposes within Company REFS, the net amount of the enhanced
FID is treated as part of the historic net dividend record,
and the gross amount is treated as part of the gross dividend
yield. This treatment is consistent with the dividend forecasts
received from brokers.
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