Dear community, I'll provide a link as an example $OMV (-0,25%)
$HAUTO (-2,59%)
$BNP (+0,67%)
$VOLV A (-1,57%) because they pay good dividends and withholding tax is properly deducted.
If you want to save yourself the hassle of withholding tax refunds, couldn't you just sell the share the day before the ex-date and buy a new one the next day? As a rule, the share price falls by exactly the price of the dividend, sometimes even more. This way you indirectly get the dividend into your home, but you don't have to wait for the next calendar year or deal with the bureaucracy. Of course it's annoying because of the transaction fees, but depending on the volume and broker, these may also be limited. (Incidentally, you can also reduce taxable gains with a long investment horizon in this way, as you remain within the tax-free allowance and therefore do not realize the gains only after ten or twenty years).
I wonder whether this strategy has ever been seriously considered, discussed or even tried out by anyone.
In my case, I will probably try it out in two weeks with OMV, as I currently still hold the share with Revolut, but I am gradually "transferring" my European shares in particular to Trade Republic - not least because Revolut always pays so many fees into its own pocket for dividends and Revolut is also very annoying as a broker in other respects.
I'm curious to know whether you think this plan is completely crazy or somehow sensible. LG
