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Commission etc. taken from dividend?


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Hi folks. Newbie question.

I have some shares in Icahn Enterprise LLC (NASDAQ:IEP). Was expecting a $1.75 quarterly dividend and was paid 18th September. However, I received £1.1025 per share, which at the quoted exchange rate worked out to approx $1.445. The dividend was paid at the expected rate ($1.75) according to Icahn etc. so where did the remaining 30 cents go?

Is it all exchange commission, or are there other deductions too? Just after info so I know what to expect in future.

Many thanks!

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12 hours ago, Wisp111 said:

Thanks for the info folks, now I know for sure what's occuring I can factor it in for future behaviour!

Re the form, that would be my W-8BEN? Filled in when I joined.

Hey @Wisp111 - although I wouldn't be able to confirm directly as we do not offer financial or tax advice, the majority of regular clients will probably have needed to have filled in a W8Ben. :) 

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