In my previous blog post I talked about my initial thoughts about purchasing my first shares.
You can read it here : My First Dividend Investment for 2020 project
Among my list I had the biggest bank in Denmark. Which was the stock I ended up picking.
Heres my reasoning:
Danske Bank A/S is the biggest bank in Denmark. And even though the market right now is going through some turmoil I feel like I might be in much deeper problems if this bank goes under.
Right now ticker:DANSKE’s expected dividend is closing in on 10% which is pretty high.
It’s not that it’s unsustainable high, but I just feel like its valued to low, during to all sorts of scandals in the management of the bank.
I might be wrong. But as far as my research tells me, I purchased this stock in due time to get the dividend for this year. As far as I know I just had to own it before March 18th of this year. (in 8 days)
Tax benefits on Danish Stocks
Not that I totally understand the benefits, my business partner told me to look at Danish stocks to invest my money in.
I will look more into this to totally understand what this means. As far as I understand this, when the company pays taxes on the profits (of which it pays dividends) I don’t have to ALSO pay taxes on my dividens, because the company already paid taxes.
Where as if I own Disney I would have to pay taxes on the dividends even though the profit taxes was already paid* (probably not, haven and such)
Right now the total value is just about 1400 dollars.
But let’s add some digits to that amount over time..