Today the VWRL dividends were paid and rolled into my BinckBank account. However, I expected to receive €0.25 for each stock. I got €0.24521 for each stock instead. Huh? I phoned BinckBank and they said it had to do with the exchange rate. Dividends are paid in another currency (dollars in this case) and then have to be converted to euros. So the announcement of the dividends being paid is more of a good guess…it could still be higher or lower.
Do you think the explanation this BinckBank employee gave me is the correct version?
It’s not the 15% dividend tax, which was his first guess (but those numbers didn’t add up anyway) before investigating the situation.
Oh dear, another effect to bear in mind…
The good news is: I bought another batch of shares. Yay!