EDividend was introduced in Malaysia in recent year. It was a facility where the dividend will be deposited directly to the shareholders' bank accounts. Without eDividend facility, cheques will be issued and sent to the shareholders. The shareholders then required to deposit the cheques into their bank account. By implementing eDividend, the shareholders don't need to waste their time and energy to the go bank for cheque deposit. In additional, the dividend can be deposited into the bank account faster by using the electronic system.
How to apply for dividend?
It's simple. What you need to do is just to bring the following items and ask your broker to settle for you.
1. Original documents for verification.
2. Two copies of Identification documents. (eg: IC, passport)
3. Two copies of either one of these:
(a) your bank statement
(b) your bank savings book
(c) details of your bank account obtained from your bank’s website that has been certified by your bank
(d) letter from your bank confirming your bank account details. (disclose part containing your bank account particulars only)
If your are a corporate depositor, there are the documents you need.
1. Certified true copy of Certificate of Incorporation / Certificate of Registration.
2. Certified true copy of your bank statement / bank saving book / details of your bank account obtained from your bank's website / any letter from bank confirming your bank account details (disclose part containing your bank account particulars only)
Is there any charges for application and receiving of eDividend?
From 19 April 2011 to 18 April 2012, the application for eDividend is totally free!
For receiving the eDividend, you will not be charged for any cent!
It's easy and free, sounds good, isn't it? Then, call up your broker and apply for eDividend.
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