My Czech electricity producer Cez paid out dividends. Last year it was a painful experience due to the 35% that they take in taxes and this year it was even worse for me since I had to pay taxes also in Germany.
For my 100 shares I received a total of 4,000 CZK which got converted to 145.83 €. From this I then ended up paying 66.43 € (almost 46%) in various taxes and I received out as cash on my broker account 79.40 €. The YoC is at 6.8% which I find excellent but the taxes are heavy and leaves me very little in the hand.
To find out more about Cez then please visit analysis of Cez 2015.
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