Hi all

Recently received interim dividend payout, although it sounds good on the announcement, yet the stamp duty and banks charges has lower the net dividend yield, with net distribution of cash received in hand, in turn translated to lower net dividend yield. (I m using Maybank)

Does anyone know which platform has the lowest charges?

This is because you are using nominees account to trade

AFAIK, Maybank investment have 3 types of account:-
1. Direct CDS account with margin
2. Direct CDS account with only cash upfront
3. nominees

option 3 is subject to banks charges

Always go for option 1 and 2 unless you are planning to have a trustee with you

This post has been edited by squarepilot: Jun 26 2021, 10:57 AM

Thanks for the advice.

How could we trade with option 1 or option 2?
How or where to apply?

(I have Bursa Anywhere CDS account, not sure it helps)

This post has been edited by allenpee85: Jun 26 2021, 11:09 AM

through your reminsier. may i know what shares issues you dividend?

Berjaya Toto

I see

for public bank nominees, it has service fee and registrar fee, not duty and bank fee FYI. better double check with your reminsier

if you are buying it in a small amount, it's better to use direct CDS account

Noted, many thanks.