Go to the following website operated by Citibank, another big player in the ADR creation market: www.citiadr.

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Go to the following website operated by Citibank, another big player in the ADR creation market: www.citiadr. idmanagedsolutions.com/www/front_page.idms. Explain how the dividend payment process works for ADRs. As a Canadian investor, do you face more foreign currency risk when you buy Hitachi’s ADRs on the NYSE, or Hitachi’s shares on the Tokyo Stock Exchange?

Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...
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Fundamentals of Corporate Finance

ISBN: 978-0071051606

8th Canadian Edition

Authors: Stephen A. Ross, Randolph W. Westerfield

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