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Non UK candidates

General discussions about equity high-yield income strategies
sunnyjoe
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Non UK candidates

#162848

Postby sunnyjoe » August 29th, 2018, 12:41 pm

In the interests of diversification out of mainly UK holdings, I recently added Siemens AG (3.27% yield) and Danone SA (2.76%), neither particularly high yielding. I also still hold some Verizon Communications Inc (4.32% yield) which I got courtesy of Vodafone.

I am considering adding General Electric (4.70% yield) and Telefonica SA (5.5% yield)

Any thoughts on these?

Has anyone invested in non UK HYP companies? If so which?

Do you have any recommendations for non UK HYP company research sources?

Raptor
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Re: Non UK candidates

#162870

Postby Raptor » August 29th, 2018, 1:46 pm

Moderator Message:
Moving to strategies from Practical as does not meet forum guidelines. Raptor.

Horsey
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Re: Non UK candidates

#162872

Postby Horsey » August 29th, 2018, 1:51 pm

In my portfolio I have a few foreign high(er) yielders as follows

Unibail-Rodamco
Allianz
BMW
Daimler
ING DiBa
Aegon
BASF

I also considered Telefonica, but i think that they have significant debt? Maybe worth checking

monabri
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Re: Non UK candidates

#162936

Postby monabri » August 29th, 2018, 4:46 pm

I'm not sure about to go about filling in the Foreign Income part of the tax return if your dividends from "foreign companies" exceeds £300 p.a.

Then there is the issue of with-holding tax etc. Wouldn't it simply be easier to invest via an IT (being careful as to their country of registration) ?


(Is the GE yield 4.6% after US with holding tax, for example ?)

p.s. Telefonica's debt appears to be 2x the companies net worth.

SalvorHardin
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Re: Non UK candidates

#162953

Postby SalvorHardin » August 29th, 2018, 5:18 pm

There was a fairly lengthy thread on non-UK HYP candidates a couple of weeks ago. This included completing tax returns and using investment trusts as an alternative if only to avoid completing the foreign section (and withholding taxes).

viewtopic.php?f=31&t=13132

sunnyjoe
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Re: Non UK candidates

#162973

Postby sunnyjoe » August 29th, 2018, 6:29 pm

thanks all for your helpful replies

scottnsilky
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Re: Non UK candidates

#163003

Postby scottnsilky » August 29th, 2018, 8:41 pm

By accident I came across Nordea Bank, NDA, the largest bank in Scandinavia, I think . My research was 4 months ago, so I'm relying on memory for the details. They have paid a dividend every year this century, although 08 or 09 it was slashed as you would expect. HL quotes 6.8% today, the shares are quoted in Swedish krona. I've been dithering over buying in for a few months and unfortunately the share price has risen about 15%, that puts me off,a little, maybe it shouldn't.
As sterling is sinking fast against most currencies, maybe a foreign denominated share is a good strategy?
Anybody have a view on this company?
DP

Gengulphus
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Re: Non UK candidates

#163057

Postby Gengulphus » August 30th, 2018, 1:23 am

scottnsilky wrote:As sterling is sinking fast against most currencies, ...

Is it? From looking at some charts, it appears to me to have been rising fast over the last 2 weeks or so, falling fast over the last 4 months or so, roughly unchanged from either about a year ago or about 2 years ago but with no consistent direction inbetween, etc. I.e. what one sees it as doing depends on the time scale one looks at...

Gengulphus

baldchap
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Re: Non UK candidates

#163058

Postby baldchap » August 30th, 2018, 1:43 am

As I don't like paying tax on my dividends I stick mainly to US stocks held in a SIPP. Canadians are a tolerable 15%. Europeans, no thanks.

Re GE, though I hold as a contrarian waiting for a return to favour, they have cut dividends several times in the last few years, so would not normally be a company I would entertain.

Horsey
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Re: Non UK candidates

#163131

Postby Horsey » August 30th, 2018, 11:27 am

baldchap wrote:As I don't like paying tax on my dividends I stick mainly to US stocks held in a SIPP. Canadians are a tolerable 15%. Europeans, no thanks.

Re GE, though I hold as a contrarian waiting for a return to favour, they have cut dividends several times in the last few years, so would not normally be a company I would entertain.


I think that the Dutch plan on removing divi witholding taxes soon - perhaps a market for you to keep an eye on? (Aegon, and ING DiBa)

Wizard
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Re: Non UK candidates

#163180

Postby Wizard » August 30th, 2018, 2:42 pm

Horsey wrote:I think that the Dutch plan on removing divi witholding taxes soon - perhaps a market for you to keep an eye on? (Aegon, and ING DiBa)

I am doing some work for a Dutch company at the moment and I believe the current plan is for the witholding tax to be dropped as of 2020.

Terry.

Gengulphus
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Re: Non UK candidates

#163206

Postby Gengulphus » August 30th, 2018, 4:55 pm

Wizard wrote:
Horsey wrote:I think that the Dutch plan on removing divi witholding taxes soon - perhaps a market for you to keep an eye on? (Aegon, and ING DiBa)

I am doing some work for a Dutch company at the moment and I believe the current plan is for the witholding tax to be dropped as of 2020.

Yes, Unilever have said that as well in their RNS about merging their dual listed company structure into a single Dutch company:

Unilever N.V. dividends are currently subject to Dutch dividend withholding tax at a rate of 15%. The Dutch government has announced that the Dutch dividend withholding tax will be abolished from 1 January 2020.

Gengulphus


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