Computershare indicates https://www.up.com/investors/attachment ... p_dspp.pdf that non-USDoes Union Pacific have a dividend reinvestment plan (DRIP)?
Yes. Union Pacific does have an automatic dividend reinvestment plan with a voluntary cash payment feature. For more information visit our DRIP Web page or contact our transfer agent, Computershare Investor Services
My questions are 1) how might that accommodate filing a W8BEN to reduce US withholding taxes to 15% instead of 30%, in the past I've managed that via my broker but with DRIP's you're directly adding/reducing shares with the company, there's no brokers involved with which to register a W8BEN. 2) Are the dividend amounts auto reinvested after deduction of the 15% withholding tax (assuming a W8BEN is registered), or is form 1042-S just a report advising how much tax is due to be paid to the US treasury.For non-U.S. persons, Computershare will send a Form 1042-S to you and the Internal Revenue Service after each year-end, reporting any dividend income you have received during the year
Perhaps Compuershare manage the W8BEN registration and withholding taxes? Or maybe its not even possible? Whilst Union Pacific indicates non-US can participate, when I try to register with Computershare US https://www-us.computershare.com/Invest ... =SPP1&sv=l it restricts to entering only a US postal address. Whilst computershare UK doesn't seem to include the option to buy other than UK DRIP's.