{"slug":"dividend-withholding-tax-non-us-investors","qid":"yield_band_drag","label":"Median dividend yield by band, gross and net of US withholding: US payers over $1B","post_title":"Dividend Withholding Tax for Non-US Investors","post_url":"/blog/dividend-withholding-tax-non-us-investors#q-yield_band_drag","columns":["yield_band","payers","gross_yield_pct","net_yield_15_pct","net_yield_30_pct","withheld_points_30_pct"],"rows":[{"yield_band":"under 1.5%","payers":520,"gross_yield_pct":0.72,"net_yield_15_pct":0.61,"net_yield_30_pct":0.5,"withheld_points_30_pct":0.22},{"yield_band":"1.5-3%","payers":367,"gross_yield_pct":2.26,"net_yield_15_pct":1.92,"net_yield_30_pct":1.58,"withheld_points_30_pct":0.68},{"yield_band":"3-5%","payers":219,"gross_yield_pct":3.71,"net_yield_15_pct":3.15,"net_yield_30_pct":2.6,"withheld_points_30_pct":1.11},{"yield_band":"5% and up","payers":164,"gross_yield_pct":6.64,"net_yield_15_pct":5.64,"net_yield_30_pct":4.64,"withheld_points_30_pct":1.99}],"shape":"table","sql":"SELECT multiIf(dividend_yield * 100 >= 5, '5% and up',\n               dividend_yield * 100 >= 3, '3-5%',\n               dividend_yield * 100 >= 1.5, '1.5-3%',\n               'under 1.5%') AS yield_band,\n       count() AS payers,\n       round(quantileDeterministic(0.5)(toFloat64(dividend_yield) * 100, cityHash64(ticker)), 2) AS gross_yield_pct,\n       round(quantileDeterministic(0.5)(toFloat64(dividend_yield) * 100, cityHash64(ticker)) * 0.85, 2) AS net_yield_15_pct,\n       round(quantileDeterministic(0.5)(toFloat64(dividend_yield) * 100, cityHash64(ticker)) * 0.70, 2) AS net_yield_30_pct,\n       round(quantileDeterministic(0.5)(toFloat64(dividend_yield) * 100, cityHash64(ticker)) * 0.30, 2) AS withheld_points_30_pct\nFROM global_markets.stocks_ratios\nWHERE date = (SELECT max(date) FROM global_markets.stocks_ratios)\n  AND price >= 5\n  AND market_cap >= 1000000000\n  AND dividend_yield > 0\nGROUP BY yield_band\nORDER BY gross_yield_pct","computed_at":"2026-08-22T04:04:26.426947+00:00","elapsed":0.025726704}