[pastor1189]

Neighbor has Canadian stock which gives a dividend of 0.72 a share
If it is 72 cents that converts to 0.88044 to US currency . But does Canada
Have Pennies to begin with? If not what does the 0.72 represent?

[tickle]

No pennies in Canada any longer. It is rounded off to 70 cents

[pastor1189]

Thank you so much

[wop48]

If money is transferred in anyway through internet,online banking (debit ) etc. cents still can be used. As for money in the pocket, rounding is now the norm.

[Fr_Chuck]

Normally if they own a certain number of shares, ( assume they do not just own one share) the .72 will be multiplied by the number of shares

if 1000 shares, it would be .72, X 1000

The total is transferred electronically to a bank. Of course, there may be conversion or transfer fees, changing it to US money

I know, my bank, (same ownership US and China) charge me 5.00 to transfer money from US to China

[pastor1189]

Thanks Chuck. The 72 cents converts to 88 USA
But if you have to pay fees, you wouldn't be ahead
I guess

[Fr_Chuck]

You can always check with your bank, but I use the same bank, the bank I use here in China, and one I use in America have "agreement" I understand the bank here in China has partnership or ownership. But they still get me with a fee.