dividend payout?
$DBS Group Holdings(D05.SG$ i own dbs share during feb 8 2024 i didnt sell it i held it and i am still holding it, i own 1 share only why have i not recieved the 0.1 share for 4Q final dividend?
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Moomoo Lily : Hi, @Moomoo Buddy Please assist. Thanks!
unfilteredtruths : Decimals not valid for bonus shares lmao imagine holding just one share
102393629OP unfilteredtruths: so no cash given ? moomoo recieved the bonus shares in their custodian accounts though, would they sell it and pass it as cash to us? or no
unfilteredtruths 102393629OP: Don't think so. There was another person asking the same thing few days back. Also didn't receive cash for decimals. But maybe I'm wrong.
102393629OP unfilteredtruths: so moomoo effectively earned my dividend?
1M65 : hi, from what I know all odd size will be disregarded for the foc dbs shares. I don't think moomoo will receive it at all as it is stated black and white clearly under dbs. that's why it is better to buy lots 1 lot = 1000shares and not purchase odd size.
102393629OP 1M65: they hold a custodian account which technically owns all of our shares together we just have the right to trade use the shares so they recieved it and this isnt a dividend at all its more like 10+1 bonus split
Red-Haired Shanks : Moomoo is just a platform for the stock deal between company and investors, i dont think moomoo will get any share less than 1 as their own profit after the bonus share
1M65 102393629OP: moomoo is just a platform only. whoever buy and sell odd lots, use the platform to trade. I don't think U can base on your reasoning to obtain the bonus shares.
so I ask U. if moomoo odd lots total up to 1.58lots only that is made up from so many odd lots buyers then which odd lots buyer/buyers will be sacrificed and not obtain the bonus shares in this case..
dbs only pays/distribute out out base on lot sizes.
102393629OP 1M65: so they earn and keep the bonus shares?
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