Jump to content

Is it normal for IG to deduct 80% from a dividend payment?


Recommended Posts

I had a dividend payment from Somero Enterprises which is based in the USA so has withholding tax applied but 80% of my payment was deducted. Is this common for US stocks? The description of the withdrawal mentioned "CONTRA" before the dividend deduction so not sure if this was some sort of administration charge perhaps?

Link to comment

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
×
×
  • Create New...
us