facebookRecently started buying some US stocks that will pay dividends. Is the final amount credited to my custodian account after all taxes and service fees? - Seedly

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Recently started buying some US stocks that will pay dividends. Is the final amount credited to my custodian account after all taxes and service fees?

Also, have filled up the W8BEN form beforehand. Now just have to wait for the dividends to be transferred to my account after PayDate?

Discussion (4)

What are your thoughts?

Elijah Lee

Elijah Lee

16 Apr 2020

Level 18·Independent Financial Advisor at Phillip Securities (Jurong East)

Hi HY,

That is correct. Your broker will take care of the taxes and such for you. What you receive in your account will be the nett amount to you. Take note that this might take some time to process, so if the dividend was due to be paid on Monday, you will probably see it credited by your broker on Wednesday instead.

Sudhan

Sudhan

16 Apr 2020

Level 10·Head of Content Strategy at MoneyWiseSmart

Hi HY, the final amount should be after all taxes and service fees. At least that's what I'm seeing for my US stocks. I'm using FSMOne. ​​​

Technically yes. It will take 1-2 working days post paydate (depending on brokerage) for the USD div...

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