Endeavour Mining plc T.EDV

RE:RE:London calling

[RONNIE111]

theCurse wrote:
I live by the river

No CDN dividend ETF will have any interest in EDV because of the ineligible dividends - nor dividend oriented retail investors.  I get the larger audience may counter that and then some.

tC

I make no claim to be a tax expert, but I suspect that if EDV were to pay dividends as a Canadian company , to make them eligible, it would end up having to pay corporate tax on them in Canada before the dividend were payed.  That's kind of the whole basis of the dividend tax cedit.  With EDV paying most of their corporate taxes in the countries where it has mines (which I think is a great way to do it) , it probably doesn't make any sense to pay corporate tax at Canada's high rates ( I don't know what rates it pays in it's African countries) .  As well EDV is very international, and with the London listing ,soon to be even more so, and the percent of non Canadian holders will go up more.  Of course non Canadian holders wouldn't get the dividend tax credit.  

The other thing is that most people don't buy gold companies for the dividend.  And I suspect that dividend ETFs don't have gold companies very high on their list of possible dividend companies to include in their ETF.