on the day preceding the ex-dividend date
An order tailored to every size of The dividend is that part of profit that a company decides to distribute to its shareholders at the end of each accounting period as remuneration of the capital investedAnd' the ordinary general meeting of the shareholders, after having approved the budget, defines the time, manner and amount of profits to distribute. The assembly decides the amount of profit distributed as dividend after allocation of a quota to be allocated to the legal reserve, and after the deduction of any further sum to be used for reinvestment or other purposes of the company. The assembly may also decide not to distribute the dividend in order to reinvest the profits or to cover losses and accumulated debts in the portfolios above. The most widespread form of provision of the dividends is in cash. They can be distributed also in the form of actions: the case of new shares, the distribution will be through a free capital increase.
Mature the right to the cash dividend the shareholder who owns the action on the opening day in which the title off the coupon.
The dividend is recognized to the shareholder that possesses shares from the Monte Titoli S. Being the listing of an action of type 'tel quel', the share price includes the profit, therefore, on the day of ex-dividend, the share price will be reduced by an amount equal to the dividend (the title will quote ex-dividend). If the shareholder decides to sale, between the ex-dividend date and the payment date of the securities owned, he would retain the right to collect the dividend. On the day of payment then he will receive materially the amount corresponding to the dividend is detached.
The indexes will be corrected for the dividend
The shareholders meeting that approves the financial statements shall, in the case of distribution of dividends, the payment date which is generally three business days of the date of the take-off.
The date of detachment and payment of dividend are, however, adjusted to the Calendar of the Italian Stock exchange.
The holders of savings shares must receive the dividends increased compared to ordinary shareholders. For the holders of preference shares, however, this is only a possibility. The dividend can be ordinary or extraordinary. From a business perspective to ordinary dividend refers to that arising from profits. In the case of an extraordinary dividend, the shareholder, is deployed not so much a share of the profits made during the financial year, as a part of the liquidity reserves of the company.
This may derive from provisions made in prior years, the sale of company branches or to be attributable to other corporate strategies.
From the point of view of tax extraordinary dividends deriving from the distribution of reserves, share premium or the interest adjustment, are not subject to taxation.
Instead, as regards the taxation of ordinary dividends, we must distinguish between investments for qualified and non-qualified.
In the first case, the sixty of the dividend received is tax exempt while the forty is subject to the marginal rate of the individual income earner. In the case of non-qualified investments the dividends received by shareholders are taxed in full with a definitive withholding of the. Similarly to those of the Italian companies, the dividends of foreign origin are subject to withholding, and ultimately.
If the dividends come from companies resident or domiciled in States or Territories having a preferential tax regime (those belonging to the so-called Black list), the tax applies on the total sum of profits and other income received, unless the perceiver demonstrates that from the beginning participation had not been acquired in order to localize the income in a Country with a lower taxation.
As regards the taxation of dividends at the end of the company, there are differences depending on whether the partnership or joint-stock companies.
In the first case, the dividends contribute to the formation of the business income to the extent of forty of the total amount, regardless of whether the qualified shareholding or not.
In the case of a corporation, they do not enjoy the tax credit, but an exemption equal to: dividends received, therefore, contribute to the formation of taxable income for an amount equal to the five.
If the company paying the dividend, the dividend has its headquarters in a tax haven, the exemption of recognized only if the Revenue establishes that the earnings were subject to taxation in a country of 'ordinary taxation'. Borsa Italiana has no responsibility or liability for the content of the site is to access, and has no responsibility for the information contained.
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