Dividend Withholding Tax Rates by Country for 2024

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S&P Global has published the Dividend Withholding Tax Rates by Country table for 2024. This handy one-pager is a useful tool for investors that invest in foreign stocks. Dividends from most foreign stocks are subject to withholding taxes for Americans and hence it is important to keep track of the rates. Higher tax rates would reduce the overall net dividend yield.

Related: Dividend Withholding Tax Rates by Country for 2025

From my post last year:

“Though the rate for Canada is noted as 25% in this table, this can be reduced to 15% in non-retirement accounts by submitting NR-301 form to Canada Revenue Agency (CRA). For stocks (excluding REITs) held in qualified retirement accounts such as IRAs, Canada does not withhold any dividends for US residents. So Canadian income equities are ideal for US retirement accounts.”

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Source: S&P Global

S&P 500 Sector Performance by Year from 2009 to 2023: Chart

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The latest edition of the annual S&P sector performance chart for the S&P 500 was published by Novel Investor this week. In 2023, the best performing sector was the tech sector as represented by INFT, the S&P 500 Information Sector Index. The sector annual return’s was over as astonishing 57%. The next top performers were communication services and consumer discretionary index. The strong returns of consumer discretionary sector shows consumers for the most part did not reduce spending with high inflation levels.

The worst performing sectors were utilities, energy and consumer staples in that order. Utility stocks have not received much love from investors lately since as income stocks they have sever competition from CDs, bonds and other asset classes that pay comparable rates or even better returns. For instance, a 1-year CD paying 5% is irresistible to an investor that might have put the money in utility stocks in the past.

Note: The returns shown below are based on Total Returns which includes dividends reinvested.

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Novel Investor Sector Returns QuiltSource: novelinvestor.com

Source: Novel Investor

Related ETFs:

  1. SPDR S&P 500 ETF (SPY)
  2. iShares Core S&P 500 ETF (IVV)
  3. Vanguard S&P 500 ETF (VOO)
  4. SPDR Portfolio S&P 500 ETF (SPLG)

The Complete List of stocks in the S&P 500 Index as of Jan, 2024 can be found here.

Disclosure: No positions

The US National Debt Surpasses $34 Trillion: Infographic

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The US welcomed the new year with yet another grim milestone. The US Gross Federal Debt has crossed $34.0 Trillion (or) $34,000,000,000,000. This number is “meaningless” for many people as the number is so huge its impossible to comprehend. Some may say “who cares”. They might as well run it to $100 Trillion. In an ideal world, the state and policymakers would draw up plans to reduce this debt mountain. The following updated infographic from Peter G.Peterson Foundation offers different takes to understand the nation debt and its impacts:

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Source: THE NATIONAL DEBT IS NOW MORE THAN $34 TRILLION. WHAT DOES THAT MEAN?, Peter G.Peterson Foundation