eDividend is available now...
What is eDividend?
- Dividend payment that is credited directly into entitled shareholders’ bank account instead of making payment via bank cheques
- Covers all cash dividends
- All listed companies on Bursa Malaysia offer eDividend
Main objectives of eDividend
- To promote greater efficiency of dividend payment system which is aligned to the national agenda of migrating to electronic payment as well as adherence to G-30’s recommendation on best practice of paperless environment
- To put the Malaysian market on par with practices in other regional markets in relation to receipt of dividend proceeds by shareholders
eDividend benefits
- No more delay in receipt of dividend payment
- No more lost cheques/expired cheques
- No more physical deposit of dividend cheques
- No more unclaimed moneys for dividend payment
- No more cost to shareholders (bank charges on dividend payment, charges by listed companies and service providers)
- No depository administrative fee for registration of eDividend within grace period (one year from 19th April 2010)
- Can opt for one bank account for all existing CDS accounts and future new CDS accounts
- Electronic notification upon payment for shareholders who provide email and mobile details
Please refer to the eDividend Framework and FAQ for more information about eDividend.
Click on How to Register? for the steps on registration for eDividend.
Please download the eDividend Form here and submit it to your stock broker today!
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