ResMed Updates Dividend Notification for Aussie CDI Holders
ResMed (ASX:RMD) has updated its dividend notification for holders of CHESS Depositary Interests on the Australian Securities Exchange. The announcement clarifies the foreign exchange mechanism used to translate the distribution for Australian CDI holders.
Cross-border withholding tax treatment remains an important consideration for eligible Australian investors receiving ResMed distributions. This is because the underlying company, ResMed Inc, is based in the United States and its primary ordinary shares are listed there.
The latest notice gives shareholders greater visibility into the process of translating the distribution from US dollars into Australian dollars for CDI holders. It also reminds investors that currency conversion can influence the local equivalent of a distribution, especially when considering the exchange rate between the Australian and US currencies.