All dividends for your US Stocks will be paid in cash directly into your USD Cash Account with SelfWealth. Due to the processing time, there may be delays in receiving your dividend payments from what the company lists in its announcements.
Can I choose for my US dividends to be reinvested?
No, all dividends will be paid in cash to your USD Cash Account. Once the dividend is paid to your USD Account you can choose to purchase additional securities in your US security holding.
As per the ownership structure with US trading at SelfWealth, you will not be legally the owner of the dividends but our custodian Phillip Securities Pte Ltd will distribute the funds to your account as the beneficial owner.