Incitec Pivot Ltd T.IPL

Primary Symbol: ICPVF

Chemicals Basic Materials

Incitec Pivot Limited is an Australia-based manufacturer and supplier to the resources and agricultural sectors. Its segments include Asia Pacific and Americas. Asia Pacific segment includes Fertilisers Asia Pacific (Fertilisers APAC) and Dyno Nobel Asia Pacific (DNAP). Fertilisers APAC manufactures and sells fertilizers in Eastern Australia and the export market. It also manufactures, imports and sells industrial chemicals to the agricultural sector and other specialist industries. DNAP manufactures and sells industrial explosives and related products and services to the mining industry in the Asia Pacific region, Turkey and France. Americas segment includes Dyno Nobel Americas, which manufactures and sells industrial explosives and related products and services to the mining, quarrying and construction industries in the Americas (Canada, Mexico and Chile) and initiating systems to businesses in Australia, Turkey and South Africa. It also manufactures and sells industrial chemicals.

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Incitec Pivot Ltd > THIS IS A DIVIDEND POWERHOUSE

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Comment by mrbbon Feb 06, 2020 3:59pm

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Post# 30654012

RE:RE:RE:RE:RE:RE:RE:THIS IS A DIVIDEND POWERHOUSE

i never said there is a dividend cut pending or coming. I said I wish for an dividend cut so the SP get whacked so i can add more ipl. Since ipl SP is dropping already just on the fear of 'no increase in dividend',that is even better for someone who want to add their ipl position.

SargeX wrote: Hey mrbb

I'm not sure what you are trying to say with this but making up a hypothetical case and then arguing the results is totally meaningless. I also think you are totally wrong in predicting a dividend cut. I really believe the dividend is incredibly important to the IPL management and so they will do everything in their power to avoid a cut.

I read the Bortolotti article and it is very outdated. Coincidentally, I also use the taxtips calculator for all my tax checks (as an aside, it's terrific). I did the same $81k net income test for Ontario taxes using the 2020 tax rules and the marginal rate on divys is 8.9% and on capital gains, it's 15.7%. That's the true facts of the matter!!

mrbb wrote:
No, i'm not in that tax bracket. I am saying if ipl announce dividend cut, say from 14.25 to 10 cent/month, SP will temporary go down way more than dividend loss before when hearland startup and re-statement. Let say a 2 year wait for divy re-statement back to 14.25ct/mth in Q1 2022) that is a loss of $1.02/share in divy. If the SP drop more than 1.02, you win if you able to buy ipl at > 1.02 plus discount. I'm sure ipl would announce higher dividend when heartland CF start rolling in. I would be happy to pay cap. gain tax and dividend tax when ipl i over $30/share

https://www.moneysense.ca/columns/dividends-not-as-tax-friendly-as-you-may-think/

SargeX wrote: I always find it interesting that people claim that there is less income tax on capital gains than dividend income. Not sure what tax bracket they are talking about, but if your net income is in the 2nd bracket (ie $48.5 to $97k) in Alberta, the marginal rate on Cdn eligible dividend income is 7.6% vs 15.25% on Capital gains. In Ontario, it's a little closer at 8.5% for divs and 10.2% for cpas.

I'd like to see your calculations????

mrbb wrote: i do hope so, so i can buy more at lower price, make more capital gain.
less tax on capital gain than on dividend if you don't know