n Personal Finance Newsletter - Satrix (and other funds) to be affected by dividend tax : investment insights
|Article Title||Satrix (and other funds) to be affected by dividend tax : investment insights|
|© Publisher:||Moneyweb (Pty) Ltd|
|Journal||Personal Finance Newsletter|
|Publication Date||Apr 2012|
In a strange twist, the shift from secondary tax on companies to a dividend withholding tax could actually push up the yields on exchange traded funds (ETFs) such as the Satrix 40 and the Satrix DIVI. That is because listed companies could well increase their dividend payouts by at least the amount of the tax that they are saving by not paying STC.
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