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My First Cheque from Penn West Energy Trust

So I received a total sum of $6.66 for my 50 shares of Penn West Energy Trust. See picture of the cheque from Penn West below:


The distribution was actually a grand total of $14.12. HOWEVER, after deducting for a 30% withholding tax, postage/handling charges of $5 and a 7% GST, I am left with a paltry $6.66.

There you have it, my dividends nearly halved by all these expenses. Oh well, guess I will just have to accumulate more of Penn West Energy Trust for all these expenses to be worthwhile.
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2 comments:

  1. SGDividendsApril 20, 2009 at 4:32 PM

    Hey just a tip,

    Custodise your US shares with DBSV Online and save on the postage, handling fees, e.t.c.

    All you are charged is the withholding.

    DBSV do not charge custody yet.

    SGDividends

    ReplyDelete
  2. financial freedomApril 20, 2009 at 11:21 PM

    Thanks a lot for the info!
    Will go and check it out.

    ReplyDelete