Hi All, If I buy stock in a foreign company who is listed on the OTC market and pays a dividend, would I get the dividend like I would normally with a NYSE or NASDAQ stock? For example, LVMUY or SMUUY (a Thai bank) both pay dividends but are OTC listed stocks. Thanks!
yes you do.. but the problem is that the depository bank takes a fee and the net tax amount has a much smaller yield than the foreign underlier. example is a stock that pays a 0.10 dividend and fee is 0.02 +0.015 every distribution. you would be surprised what the net amount ends up credited to you. so yes you get a dividend, but don't look at the underlier for yield data especially for OTC ADRs
Buy dividend paying stock in a country whose currency is assured of rising in value relative to the U.S. dollar. When you find out which stock that is let me know.