Anonymous
Asked on 29 Jun 2020
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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Tan Wei Ming, Writer at Frugal Youth Invests
Answered on 29 Jun 2020
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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Gerald Ong, Full-Time YouTube Educator at www.youtube.com/GeraldOngSL
Updated on 11 Jul 2020
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!
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Billy Ko, Financial Analyst at Boutique PE Firm
Updated on 29 Jun 2020
If your dividends are less than the dividend handling fee, not to worry, you don't need to pay FSMOne the remaining fees. They'll just absorb your dividends
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