Monthly dividends

[Bunny Jane]

Are there any stocks on the JSE that pay monthly dividends?

 

[supersunbird]

No JSE stocks or ETFs do that as far as I am aware.

Maybe tell us what your goal is that you are trying to achieve?

 

[Hamster]

NFTRCI pays monthly. Basically tracks a variety of money market funds so your returns are between 6-7% pa. Only reason I can think of why you'd want to use this instead of a 32-day account etc is to possibly avoid income tax and pay dividend tax instead (or something like that).

 

[Hamster]

Actually, there's the ETNs that track foreign currencies. Think they might pay monthly dividends / interest as well but very very little.

 

[Bunny Jane]

No JSE stocks or ETFs do that as far as I am aware.

Maybe tell us what your goal is that you are trying to achieve?

No goals, just saw an article on monthly dividends and wanted to know if we had anything like that here.

https://finance.yahoo.com/news/10-high-yield-monthly-dividend-160923372.html?guccounter=1

 

[JayM]

It is unfortunate that foreign dividends are taxed as income for SA residents.

 

[rietrot]

You can just set it up yourself, but it will be messy.

 

[Bunny Jane]

It is unfortunate that foreign dividends are taxed as income for SA residents.

Why? Isn't it cappet at 20%?

 

[JayM]

Why? Isn't it cappet at 20%?

Nope, that only applies locally.