Sunday 6 July 2014

Dividend from Enel: June 2014

Enel, an Italian energy company

Woohoo! My first dividend payment from Italy! The energy provider Enel (see analysis of Enel 2014) decided that from the earnings during 2013 an amount of 0.13 € should be paid out in dividend. Since I currently hold 450 shares this gave me 58.50 € from Enel.

However there is no tax agreement between Italy and Germany so 20% (11.70 €) was taken by the Italian government and left me with 46.80 € paid out as cash. Even though I would have preferred to receive the full amount I am happy to pay this tax to Italy in the hope that they use it well to build a bright future.

The Stock Dividends page has now been updated.

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