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Anonymous

24 Nov 2020

∙

General Investing

How to opt for cash dividends on poems if I have the option on Poems 2.0?

Do I execute the corporate action on my SGX account or on my associated bank which is POSB. My account on Poems is a CDP account.

POEMS by PhillipCapital

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Elijah Lee

24 Nov 2020

Senior Financial Services Manager at Phillip Securities (Jurong East)

Hi anon,

I'm not sure if I am understanding you right, however if your POEMS account is CDP linked, then by enabling direct crediting service (DCS) with CDP, dividends will get paid straight to your bank by CDP by default, unless there is a script dividend scheme, in which case you will receive extra shares in CDP if you opt for such.

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