Each week I catch up on blogs, comment on a handful and generally learn a thing or two. On occasion I take issue with a post (or a portion thereof) – and provide a (hopefully) meaningful comment. The most recent being Lanny’s post which included, the lines:
I don’t know about you, but the dividend increases keep coming in hot, right off of the Tax Cuts, Jobs Act! and Let’s just say tax reform has continued to be nice, as it relates to dividend increases.
The rationale for my comment being – assuming all of his US company increases were a result of the tax plan, this would be a 12.45% increase. Not shabby by any means but a far cry from his reported total of 20.13%. The difference being his foreign holdings which weren’t beneficiaries of a tax cut but of strength in ore prices and China shipments. My quibble is not the numbers – only the presentation of the tax bill being a panacea for businesses. It may well be, however the rules are still being written and the jury is still out.