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Terence Lee

18 Dec 2020

∙

General Investing

Hi I have a question with regards to dividends for NYSE ETFs?

This ETF on the NYSE I am looking at has a dividend rate/unit of 1.3 on a quarterly payout basis and the minimum purchase = 1 lot

Am i right to assume that:

if i buy 2 lot(s), i should be expecting a quarterly payout of 1.3(2x100) = $260?

This is because there are 100 units in a single lot, no?

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Wrong Sean

18 Dec 2020

Minimum purchase for US listed stocks is usually 1 share. The lot size for NYSE is 1 share. If you want to buy 200 shares, you have to input 200 in the order.

For US domiciled/listed stocks in general, there is dividend withholding tax of 30%. The stock brokerage will deduct the WHT before crediting your account.

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