Trying to instruct myself, here. I’ve bought some shares of Adecco (ADEN) this April.
Per Adecco’s publication and SIX’s dividends information, the dividends distributed were planned to be CHF 2.5 per share. The report I have received from TradeDirect looks like this (in French):
That is, CHF 15.45 have been distributed as income from the position (dividend) and CHF 23.75 as capital gains. I was holding 19 shares at the ex-div date. It seems that CHF 1.25 per share (CHF 23.75) were distributed as capital gains, without witholding tax, and CHF 1.25 per share (CHF 23.75) were distributed as dividends, with 35% witheld as witholding tax (net distribution: CHF 15.45 with some rounding up).
I don’t understand it. Shares buybacks have occured but if anything had been distributed as a result of it, shouldn’t it be added to the CHF 2.5/share dividend that was approved at the GA? How does a company distribute part of its dividends as capital gains (not taxed for private investors) rather than simple dividends?
If someone has an explanation for it, I’d be very grateful.