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Yes. Under uniform gifts to minors act (UGMA) an adult custodian opens account for minor and all gains are taxed under minor's rate. Minor owns account at age of majority for his state or when specified by custodian depending on rules established at time of gift.

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Q: Can a minor own stock and receive dividends on the stock?
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How do you receive money from bank if you own the bank?

You can pay dividends from the profits. Owe Or own?


When do you usually pay dividends?

Most companies pay out dividends quarterly. In order to earn a dividend, you must own stock in a company on one date, and they pay dividends on another date.


Why do stocks pay dividends?

Most business owners are in it to profit financially. Owning stock means you own a portion of that business. Therefore, stock owners are business owners and no different than most in that they want to profit financially. Paying the stock owners dividends is like the owner taking home a bit of profit for the portion of the business they own. Also, paying dividends helps make a stock more attractive which, in turn, helps to boost the price of the stock. This also profits the stock owners with an inflating stock price.


What is owned by its depositors who are paid dividends after all operating costs and fees are paid?

The company is owned by the depositors who are paid dividends after all operating costs and fees are paid. Depositors own stock in the company.


Corporations owned by stockholders?

A corporation is a business that is owned by the public. People own the cooperation through shares of stock. There are two types of stock shares common stock and preferred stock. Preferred stock get first dibs on dividends but does not carry any voting rights. Common stock get the left overs of the dividends but hold voting rights according to how much stock they own. There is also capital stock. Capital stock is the stock that represents the initial capital invested in the corporation. Because people can buy and resell stock there is a vast amount of resources for investment. This vast amount of investment resources makes it less apt to die out as compared to an entrepreneurship where this is only 1 resource.

Related questions

Can a minor own stock?

A trust for a minor can own stock, but a minor cannot. Someone can own an account or stock in trust for the minor.


How long to you have to own a stock to get dividends?

3 days


What constitutes income in a child support hearing?

All of the money you make. If you have a salary, if you own rental property, if you get dividends from stock - whatever money you receive is your income.


How long do you need to own a stock before being paid dividends?

you must own the stock prior to the ex-dividend date to receive the recently announced dividend. owning the stock one day before the ex-dividend date qualifies an investor to that dividend payout


How do you receive money from bank if you own the bank?

You can pay dividends from the profits. Owe Or own?


When do you usually pay dividends?

Most companies pay out dividends quarterly. In order to earn a dividend, you must own stock in a company on one date, and they pay dividends on another date.


When you sell a call option who gets the dividend?

Dividends don't play into call options. If you sell a covered call and it expires worthless, you'll receive any dividends from the stock because you still own the stock. If it's exercised, the new owner receives them because the stock is hers now. The money that changes hands when you sell a call is the "premium," and the person who sells the call gets that.


Why do stocks pay dividends?

Most business owners are in it to profit financially. Owning stock means you own a portion of that business. Therefore, stock owners are business owners and no different than most in that they want to profit financially. Paying the stock owners dividends is like the owner taking home a bit of profit for the portion of the business they own. Also, paying dividends helps make a stock more attractive which, in turn, helps to boost the price of the stock. This also profits the stock owners with an inflating stock price.


What are the factors affecting owner's equity?

The issuance of stock. The accumulation of profits and/or losses (Retained Earnings). The payment of dividends. The re-purchase of your own stock (Treasury Stock).


What percent of stock does a person have to own in a company before he or she receives a portion of money for owning the stock?

No one receives money for owning stock which is permanent investment in the company and can only hope to receive dividends as ones share of profit or sell the equity in the stock market to receive a premium if the share value is high.However owning high percentage of stock gives an individual the option to be elected with each equity counted as a vote in the board of directors who are paid and enjoy benefits of the company.


What is owned by its depositors who are paid dividends after all operating costs and fees are paid?

The company is owned by the depositors who are paid dividends after all operating costs and fees are paid. Depositors own stock in the company.


What percent of the British receive dividends from British Petroleum?

I can't tell you. I can explain why this information is not available. The British Petroleum company pays dividends to people who own their stock. Computer systems keep track of who the owners are and their addresses on a particular date, as specified by the company. The computer system does not report the citizenship of their investors. I will explain why BP is owned by many people in many countries, not just Britain: The people who own the stock generally buy their shares from another person who wants to sell their stock. The buying and selling is done by a stock broker. The BP company is listed in New York and London. This makes it very easy for a brokerage company to buy and sell shares of BP stock. With the Internet, people from everywhere in the world can buy BP stock. Some people own it and will receive dividends, and they don't even know they have the stock. This is because they buy a mutual fund which contains many stocks, one of them could be BP. Each owner of a mutual fund will own a very small part of a large group of stocks and frequently they don't know all the stocks in the group. This makes it easy for investors in the US and other countries to own stocks in foreign countries.