tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

ResMed Updates Dividend Exchange Rate for ASX CDI Holders

Story Highlights
  • ResMed Inc updates the exchange rate for its dividend distribution to CDI holders on the ASX.
  • The U.S. withholding tax on dividends can be reduced from 30% to 15% with proper documentation.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
ResMed Updates Dividend Exchange Rate for ASX CDI Holders

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

Resmed Inc CHESS Depositary Interests on a ratio of 10 CDIs per ord.sh ( (AU:RMD) ) just unveiled an announcement.

ResMed Inc has announced an update regarding the foreign exchange rate for its upcoming dividend distribution to holders of CHESS Depositary Interests (CDIs) trading on the Australian Securities Exchange (ASX). The updated exchange rate is set at 0.6497 U.S. dollars for 1.00 Australian dollar, with a dividend of 0.0924 Australian dollars per CDI. The default U.S. withholding tax on dividends for Australian residents is 30%, but can be reduced to 15% under the U.S.-Australia tax treaty if the appropriate forms are submitted.

The most recent analyst rating on (AU:RMD) stock is a Buy with a A$41.00 price target. To see the full list of analyst forecasts on Resmed Inc CHESS Depositary Interests on a ratio of 10 CDIs per ord.sh stock, see the AU:RMD Stock Forecast page.

More about Resmed Inc CHESS Depositary Interests on a ratio of 10 CDIs per ord.sh

Average Trading Volume: 896,066

Technical Sentiment Signal: Buy

Current Market Cap: A$64.12B

For a thorough assessment of RMD stock, go to TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1