Thread regarding Symantec Corp. layoffs

NLOK stock

So, many of us still have NLOK stocks and the special 12$ dividend is coming.
Should we wait or sell before (to avoid the dividend tax) ?
What about the McAfee rumour ?

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Post ID: @OP+12RWx2Ys

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As far as I understand it, it's a special dividend (not a recurrent one) and it's a return of investments instead of profit so it's tax free. It has been explained here: (a web archive link as the original one requires a subscription) and in some company docs.

I would assume that this is the case at least for the US and for the other countries, one needs to see what's the definition of a dividend from the revenue office or find a tax advisor.

Post ID: @2yma+12RWx2Ys

well if the stock loses 12$ the day they give the 12$ dividend, as it should, then we all lose...

plus the fact that in many euro countries, you are taxed a second time on US dividend ...

So the question is ... should you sell just before that dividend ?
I suspect that if someone wants to buy the company it will happen before the dividend date anyway but who knows

Post ID: @1ksi+12RWx2Ys

Even if you pay a tax on that special dividend, you'll still make money... Don't sell and hold for now.

Post ID: @1ibx+12RWx2Ys

Sell dont waste time !

Post ID: @rus+12RWx2Ys

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