The InterContinental Hotels Group (NYSE:IHG) shares referred to in this article are the American Depositary Receipts [ADRs], which trade on the NYSE. ADRs are basically proxy shares that allow U.S. citizens to invest in foreign companies without the need to deal with foreign stock exchanges and currencies. Tax implications are important when investing in foreign companies since most countries (about 75%) tax all dividends. In fact, many nations tax dividends at rates as high as 35%, which impacts total return since dividend stocks often have less price appreciation. However, the U.K. does not tax ADR dividends at all so IHG shareholders retain the full 2.12% yield the company pays.
This article reviews the recent earnings report and other...
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