JMS 11.9% 33.0¢ jupiter mines limited.

IMO the tax situation is a little complex and I still think...

  1. 1,829 Posts.
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    IMO the tax situation is a little complex and I still think there may be some more tax to be taken out of this dividend.  I refer to this section in the prospectus:

    Screen Shot 2018-09-10 at 11.59.57 am.png

    I know the latest release says that Jupiter will receive from Tshipi net of all taxes but I still fear that Luxembourg may take up to 20% tax off the dividend before it reaches Australia and our hands.  I don't think there is an Australian tax liability, which is good, but also means no imputation possibility.

    In summary I think the "0.0498cps" quote above by a poster might be reduced by up to 20%, perhaps down to 4cps, depending on how it works (and I am guessing a bit on this).

    Still not bad for a half-yearly dividend, but i advise against spending the dividend before you know exactly what it is
 
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