facebookDo I still get stock dividends if I use moomoo or tiger brokers? - Seedly

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Anonymous

16 Jun 2021

βˆ™

General Investing

Do I still get stock dividends if I use moomoo or tiger brokers?

From my understanding, moomoo and tiger brokers use custodian accounts, meaning to say i don't own the stock since it's not under my cdp right? will i still get dividends for sg stocks?
these two brokers have very attractive transaction fees though...

Discussion (1)

What are your thoughts?

thefrugalstudent

thefrugalstudent

22 Mar 2021

Founder at thefrugalstudent.com

Hi Anon,

You're right that they use custodian accounts. However, this simply means that when dividends are paid out, they will be credited into your brokerage account. In the case that you hold stocks in your CDP account, you'd receive your dividend payouts directly in your bank settlement account that you use. So the difference is simply where your money is paid to.

Hope this helps!

Regards,

thefrugalstudent

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