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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