Anonymous
I am considering to RSP 100 USD for VOO through FSMOne. However, I saw the min USD2.50 dividend handling fee. What will happen if my dividends are less than the dividend handling fee?
Did some calculations, and it is likely that by the first quarter my dividends would be lesser than USD2.50. Will I just not get the dividends or will they charge me the remaining fees?
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Gerald Ong
11 Jul 2020
Full-Time YouTube Educator at www.youtube.com/GeraldOngSL
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Tan Wei Ming
29 Jun 2020
Founder and Writer at Frugal Youth Invests
If your dividend after tax is less than $2.50, u will not receive anything. You do not have to pay any money to them.
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Billy
29 Jun 2020
Development & Acquisitions Manager at Real Estate Private Equity
If your dividends are less than the dividend handling fee, not to worry, you don't need to pay FSMOn...
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Hey, I had the same question before too!
Short answer You don't get any dividends.
What I was worried (And you might be too)
Scenario: let's say you get a $2 dividend but you're charge min $2.50, do they just charge $2 or do you get charged additional $0.50? Turns out they only charge $2 and absorb the additional costs.
On the bright side, max charge of $25 for dividends though! I called them and asked, their hotline is 6557 2853 if you wanna double-check. If you found this helpful, please show some love to my personal finance youtube channel as a dividend for lending you a hand ;) Stay safe!