I was wondering if anyone is holding NTDOF and wanted to post info about the dividend yield and ADR Fees? I was sort of curious is it better long term to hold NTDOY and NDTOF and find it hard to compare the “cost structure”.
I had a few shares of NTDOY recently on a dividend payout with this cost structure info
1 share NTDOY (currently trades $11.28) is 1/4th of Nintendo 7974.T stock
Dividend declared 123 yen/share or 30.75 yen/NTDOY
Dividend received in US account on July 11th when yen to dollar was 140.27yen/dollar
Dividend I received of $0.214 per NTDOY after-foreign taxes withheld and conversion to the dollar
This means 0.214 was received when the conversion would be 0.219 so approx -3% to taxes
ADR maintenance fee charged after the dividend of $0.0299 / share meaning $0.1841 received
Final net of 0.1841/share on estimated 0.219 payout is 84% efficiency or in other words -16% of the dividend payout goes to foreign taxes and also ADR fees before US taxes.
Does anyone have a similar experience seeing about 16% of the yield value go out the door to ADR? While I like NTDOY, I was curious if NTDOF has a lower fee in the end, was wondering if anyone is holding it and wants to look at it and compare?
The ADRS trade at the same relative price adjusting for share % but in my view if one has significantly lower fees it would be a better buy.
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