Advertisement
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?
4
Discussion (4)
Learn how to style your text
Elijah Lee
16 Apr 2020
Senior Financial Services Manager at Phillip Securities (Jurong East)
Reply
Save
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.
Reply
Save
Technically yes. It will take 1-2 working days post paydate (depending on brokerage) for the USD div...
Read 1 other comments with a Seedly account
You will also enjoy exclusive benefits and get access to members only features.
Sign up or login with an email here
Write your thoughts
Related Articles
Related Posts
Related Posts
Advertisement
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.