Dividend payout calculation

[xen88]

I have 3260 shares in AGL & their dividend is 0.41 cents. However, I only received $709.60 worth of dividends. I wonder how they calculate it?

 

[Value Collector]

I have 3260 shares in AGL & their dividend is 0.41 cents. However, I only received $709.60 worth of dividends. I wonder how they calculate it?

Did you own all of those shares before the “ex dividend date”, or did you purchase some more recently?

 

[xen88]

Did you own all of those shares before the “ex dividend date”, or did you purchase some more recently?

The ex dividend date was 26 feb and I owned all the shares last year in November.

 

[Dona Ferentes]

The ex dividend date was 26 feb and I owned all the shares last year in November.

Is it fully franked?
Have you provided your TFN?

 

[xen88]

I

Is it fully franked?
Have you provided your TFN?

It says it is not franked. It is ordinary fully paid. I believe I have added my tfn when I created my bank account.

 

[Value Collector]

I

It says it is not franked. It is ordinary fully paid. I believe I have added my tfn when I created my bank account.

But does the AGL share registry have your TFN? If not they may have withheld some tax, check your dividend statement, it should have been emailed to you today.

If you haven't received the dividend notification by email, that is a sign that maybe you didn't fill out the tax form either, because that is where you normally give them your email address.

 

[xen88]

But does the AGL share registry have your TFN? If not they may have withheld some tax, check your dividend statement, it should have been emailed to you today.

If you haven't received the dividend notification by email, that is a sign that maybe you didn't fill out the tax form either, because that is where you normally give them your email address.

I didn’t receive an email from AGL yet..

 

[xen88]

will I receive back the money they have withhold after if I can provide my TFN?

 

[Dona Ferentes]

When you do 2021 tax return you'll get the imputation credit then....
EDIT
If there is one.

 

[xen88]

When you do 2021 tax return you'll get the imputation credit then....
EDIT
If there is one.

Oh I see, so I will get it back as a refund when I do my tax return. Thanks for your help, much appreciated

 

[Value Collector]

Oh I see, so I will get it back as a refund when I do my tax return. Thanks for your help, much appreciated

Yes, you will get a refund if it turns out your total tax owed from all your income streams is less that what has been withheld from your various income streams.

the company sends the money they withheld to to government, and they will either refund you what they have or ask you to pay more depending on how much you have earned else where.

 

[Country Lad]

Oh I see, so I will get it back as a refund when I do my tax return. Thanks for your help, much appreciated

Pays to always provide your TFN if you expect to hold for dividends. Makes life a lot easier and you get the money earlier.