01-29-2015, 12:19 PM
Probably a stupid answer by me, but I thought I'd let you know:
I am a Covidien employee (now a Medtronic employee as of Jan 26th). I have always invested in the COV ESPP program and had accumulated around 1880 shares over the years, out of which I sold the Longs (Qty: 1449 for $104) and retained the Shorts (Qty: 404) which got converted to 386 MDT shares @ $75.29 (along with some cash that they gave us per COV share).
What I'm trying to say is that I used to receive dividends from COV and would reinvest them in the COV shares.
Not sure if I didn't see any tax implications on the dividends since it was automatically being reinvested or because I reside in the US.
I am a Covidien employee (now a Medtronic employee as of Jan 26th). I have always invested in the COV ESPP program and had accumulated around 1880 shares over the years, out of which I sold the Longs (Qty: 1449 for $104) and retained the Shorts (Qty: 404) which got converted to 386 MDT shares @ $75.29 (along with some cash that they gave us per COV share).
What I'm trying to say is that I used to receive dividends from COV and would reinvest them in the COV shares.
Not sure if I didn't see any tax implications on the dividends since it was automatically being reinvested or because I reside in the US.