Santander Scrip Dividend

steveksullivan

Assuming that I want to receive cash as my November dividend, can anyone help me calculate whether I'm better off accepting the 'sell on market.....' or 'sell off market.....' options?

As one option deducts Spanish witholding tax and the other doesn't you would expect this to be a simple answer but I bet it isn't!

Guess I'm asking
1. Where (and whe) can I find out the 'fixed price' that Santander would pay for the off market option

2. Where (and when) can I find out what price the rights are being traded at on-market?

3. Anybody have any views on the most lucrative option of the two?

Thanks!

datostar

On past experience, the 'off-market' option will probably be better, even accounting for the withholding tax. 'On-market' sales take place on the Spanish market so you still get the tax hit.
Santander will notify the fixed price in due course as they probably don't know themselves yet.
There's a detailed explanation of the process on the Equiniti website section for Santander shareholders.

steveksullivan

Will take a look at Equiniti's site ........

Thats my default as it's what I did last time so guess I'll just leave it as is .......