Dividend Distribution Cost
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 Jun 26 2021, 10:47 AM, updated 5y ago
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#1
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Junior Member
95 posts Joined: May 2010 
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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? |
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Jun 26 2021, 11:00 AM
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#2
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Junior Member
95 posts Joined: May 2010
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QUOTE(squarepilot @ Jun 26 2021, 10:56 AM) This is because you are using nominees account to trade Thanks for the advice.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  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 |
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Jun 26 2021, 11:21 AM
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#3
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Junior Member
95 posts Joined: May 2010
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QUOTE(squarepilot @ Jun 26 2021, 11:12 AM) through your reminsier. may i know what shares issues you dividend? Berjaya Toto |
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Jun 26 2021, 12:18 PM
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#4
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Junior Member
95 posts Joined: May 2010
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QUOTE(squarepilot @ Jun 26 2021, 12:05 PM) I see Noted, many thanks.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 |
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