If I’m using a custodian broker (Saxo), do I need to take into account T+2 when trying to purchase shares before the XD?

I’m led to believe I can purchase shares 1 day before XD and can still receive my dividends. Correct me if I’m wrong, please. Thanks!

Discussion (1)

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Loh Tat Tian

13 Sep 2019

Founder at PolicyWoke (We Buy Insurance Policies)

I only know, as long as CDP or the company accountant recognise you own the shares, you will get paid the dividend. Hence my broker tells me, as long as I buy within CD and sell when it shows XD, I will get the dividend.

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For SIA Rights Issue, if I just (13/4/2020) bought 600 of their shares on SCB, will I be entitled to their Rights Issue? Considering that I'm using a custodian account. And when is the Rights Issue?

I've recently purchased share using CPF via UOB CPFIS account. How do I sell them now? Can I sell through the broker platform?

I'm still seeing $0 when I tried to withdraw from Tiger Brokers to my bank account even though I sold my US shares and converted back to SGD?

For SIA Rights Issue, such as the 'Rights Shares'. I've bought some SIA shares on 21/4/20 using FSMOne without a CDP account. Will I be able to purchase the new Rights Shares if i want to?

Would you use a CDP linked brokerage account or a custodian linked brokage account for shares investing and why?