What is Dividend?
A dividend is a payment made by a company to its shareholders, usually from its profits or retained earnings.
Key Points:
• Purpose: It's a way for the company to share part of its earnings with the people who own its stock.
• Form: Dividends are most often paid in cash, but they can also be issued as additional shares of stock (stock dividends) or, less commonly, in other assets.
• Frequency: Many companies pay dividends regularly (for example, quarterly), while others may pay them only occasionally, or not at all if they prefer to reinvest profits into the business.
• Decision: Whether a dividend is paid, and how much, is decided by the company's board of directors.
In short, dividends are a reward to shareholders for investing in the company.
Estimated Time to Receive Dividends
• US Stocks: Within 2 trading days after the dividend payment date.
• MY Stocks: Within 3 trading days after the dividend payment date.
• SG Stocks: Within 3 trading days after the dividend payment date.
• HK Stocks / China A-Shares: Within 2 trading days after the dividend payment date.
Due to system constraints, dividend currency selection is not currently supported for Hong Kong-listed securities. In the event that a listed company declares dividends in a currency other than Hong Kong Dollar (HKD), such dividends will be converted into HKD upon distribution. The conversion shall be based on upstream custodian rate. The final amount received shall be subject to the actual funds credited.
Note: Any delay in dividend payment may be due to pending processing from our custodian.
