Q: Using DRIP is new to me so please explain in simple words.
First let me ask :How often do XEF pay distribution?
Second question I see it on my statement as being interest is it not supposed to be dividend?
For a third question, in a drip situation I see a - sign for say -$1000 and a + say $1100. What does that - operation mean in term of tax application. What amount is beeing taxed?
Thank you to continue educating us DIY investors
Yves
First let me ask :How often do XEF pay distribution?
Second question I see it on my statement as being interest is it not supposed to be dividend?
For a third question, in a drip situation I see a - sign for say -$1000 and a + say $1100. What does that - operation mean in term of tax application. What amount is beeing taxed?
Thank you to continue educating us DIY investors
Yves
5i Research Answer:
Yes, XEF pays a distribution, with a current indicated yield of 3.33%. The last payment was June...