Receiving Dividends

Hi,

I have reading the thread about Dividends Strategy thingy in the ASX discussion room. I have a newbie question, if I am CHESS sponsored do they pay dividends directly to my debit account or do send cheques to the address registered through CHESS?

I wish I found these forums earlier...makes interesting discussion and strategies for newbies myself.

Hopefully I can contribute to these wonderful forums.

Norm

nto,

When you engaged a broker, you would have filled out forms, there is an option to have dividends credited to your nominated account or to be posted a cheque.

However, I ALWAYS, when buying a stock cum dividend fill in online forms from the applicable registry, or, down load forms & fax the details to the registry so they can be noted before record date. I have been caught out too many times relying on the broker to do this & have had the extra tax deducted because my taxfile no. has not been registered. So there are 2 forms, 1 for your banking option & the other for your taxfile no.

rozella

Thanks Rozella,

So when you mean registry, you mean my broker right? Like Commsec or Westpac bank or Etrade?

Norm

Hi nto,

rozella means the share registry who administer all the shareholders details on behalf of the company. Computershare seem to be the largest, but there's a few others.

Rozella, good tip about downloading or using online forms from the registry. I usually just wait for them to be posted out, but have been caught out a couple of times with the extra tax being deducted.

Rod.

Hi nto,

rozella means the share registry who administer all the shareholders details on behalf of the company. Computershare seem to be the largest, but there's a few others.

Rod.

Yes thats right Rod,

These are the majors.

computershare (http://www.computershare.com.au)

registries (http://www.registriesltd.com.au)

asxperpetual (http://www.asxperpetual.com.au)

rozella