Go to the following website operated by Citibank, another big player in the ADR creation market: www.citiadr.
Question:
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?
DividendA 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...
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Fundamentals of Corporate Finance
ISBN: 978-0071051606
8th Canadian Edition
Authors: Stephen A. Ross, Randolph W. Westerfield
Question Posted: