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Dividends are credited into the trust account within 7 business days after the payment date.
Step 1: Log into your UTrade account.
Step 2: Click on “E-documents”.
Step 3: Click on “E-CreditDebitNote”.
Note: You are advised to archive this information, as it is only displayed for 1 month.
HK share dividends are not subject to withholding tax, except for Chinese H-shares listed on HKEX. The 10% withholding tax applies only to shareholders that are non-resident corporations.
Foreign share dividends are subject to withholding tax ranging from 10% to 37%, depending on the counter and market.
Clients are advised to check their account, as payment is credited directly into the trust account.
A delay may also occur if the issuing company has not yet released the payment.
Clients are notified via email of entitlement to an Optional Dividend; an up-to-date email address should be maintained.
For Optional Dividends, clients may choose cash or scrip by giving instruction to their respective Dealer's Representative.
Clients remain entitled to the dividend even if no instruction is submitted within the stipulated timeline, though it will be subject to a default option.
The reinvestment price is not known in advance; shares are purchased on-market as soon as practicable after the dividend payment date, using the entitled cash dividend.
Instructions for an Optional Dividend can be amended within the stipulated timeline.
Amendments are not permitted after the stipulated time has passed.
Clients can contact their respective Dealer's Representative or call 03-6205 6000.
An amount provided by a Dealer's Representative is an estimation; exact dividend charges are confirmed only upon receipt of the invoice from the counter broker.
Dividends can be requested in MYR by informing the client's Dealer's Representative, who will provide an updating form to process the request.
