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 Dividend Questions Both Malaysia & USA, Paid By check? To my investing account?

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TSJust2centslah
post Apr 27 2023, 06:00 PM, updated 3y ago

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Hi all,

I am wondering how dividend I can get from stock investing.

In Malaysia if I buy MAYBANK, then do they pay the amount of dividend to my investing account? or do they pay check or wiretransfer to my bank account?


In USA if I buy EXXON (for example), how can I get the dividend? by check, or directly to my investing account?

Thanks in advance.

This post has been edited by Just2centslah: Apr 27 2023, 06:05 PM
xander2k8
post Apr 27 2023, 06:40 PM

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QUOTE(Just2centslah @ Apr 27 2023, 06:00 PM)
Hi all,

I am wondering how dividend I can get from stock investing.

In Malaysia if I buy MAYBANK, then do they pay the amount of dividend to my investing account? or do they pay check or wiretransfer to my bank account?
In USA if I buy EXXON (for example), how can I get the dividend? by check, or directly to my investing account?

Thanks in advance.
*
In Malaysia if CDS account it will go directly to your account unless you have SI to the broker to bank into your bank account

For nominee account the broker will send it your brokerage account only

For US it is only allowed to send to your brokerage account only unless you have linked a brokerage account to USA bank accounts then you have the instructions to send it to that account
TSJust2centslah
post Apr 27 2023, 07:00 PM

Getting Started
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Junior Member
261 posts

Joined: Apr 2020
QUOTE(xander2k8 @ Apr 27 2023, 06:40 PM)
In Malaysia if CDS account it will go directly to your account  unless you have SI to the broker to bank into your bank account

For nominee account the broker will send it your brokerage account only

For US it is only allowed to send to your brokerage account only unless you have linked a brokerage account to USA bank accounts then you have the instructions to send it to that account
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Very helpful, thank you so much! thumbup.gif
xander2k8
post Apr 27 2023, 08:07 PM

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QUOTE(Just2centslah @ Apr 27 2023, 07:00 PM)
Very helpful, thank you so much!  thumbup.gif
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To add on for Malaysia stocks usually CDS account depending on the banks it will be as fast as payment within the same day for dividends payment on payment date

To be sure and clear you better check with the broker instead because they would have the dividend payment table which they have to disclosed it to the account holders

 

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