4 Your Money
Companies pushing dividend payments to stockholders before end of '12
MILWAUKEE - Multiple local companies have decided to squeeze in dividend payments to investors before the end of the year.
Credit goes to the fiscal cliff debate in Washington.
Dave Spano is president of Annex Wealth Management and part of the team with "Money Talk with Annex Wealth Management" which airs Saturdays at 10:00 a.m. on Newsradio 620 WTMJ.
He says he's not surprised by the news of those early dividends.
"They're doing tax planning in corporate board rooms, and they're asking 'What do we know for sure today?' That is that taxes on dividends are 15 percent. All conversations is that number is going to go up. The lowest number we're hearing is 20 percent. The highest number we're hearing for the highest taxpayers is as high as 43 percent."
Spano says he thinks most investors will take the money as added income or reinvest it and buy more shares of stock.