If you invest in a REIT on platforms like SAXO, how are dividends received? - Seedly
 

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Asked by Anonymous

Asked on 19 Jul 2019

If you invest in a REIT on platforms like SAXO, how are dividends received?

I read online that unlike CDP linked account, platforms like SAXO are custodian accounts and they hold the shares for you, so in this case, if a share pays dividend, how do I receive it?

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Hi,

I use Saxo to invest also. For my my dividends I received them directly into my Saxo account. Also depending on what currency your account is in your dividend may be converted to your account currency. E.g my account is in USD, so when I received dividends from my U.S investments I received them in USD, but if your account is in SGD and you received dividends in USD it will be automatically converted to SGD. so make sure you choose the correct currency for your account.

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