Dividend payout date with Moomoo
$MBSB(1171.MY$ If you're wondering when moomoo will deposit dividends into your account, based on past experiences with moomoo, they typically deposit dividends one day after the scheduled payout date. For instance, if MBSB's dividend payment date is on 4/7/2024, moomoo will deposit them on 5/7/2024, usually between 4pm-5pm MYT.
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NKM41 : Why can’t Moomoo deposit on the exact payment date?
energetic Skunk_8613 NKM41 : because moomoo is nominee account, usually will slower than cds account
PumpkinG OP NKM41 : Based on my understanding, this is due to different CDS account type. Our CDS account at moomoo platform is nominee CDS which is different with the other CDS account call direct CDS. The main difference with this 2 CDS account are the owner, if your trading platform providing direct CDS account then the account will park under your name. On the other hand, nominee CDS will use the trading platform + (your name). So when you bought the stock for example MBSB, if you are direct CDS, they will see your name in their shareholder list like XXXX 1000 units or you are nominee CDS, it will be Moomoo Sdn Bhd (XXXX) 1000 units. When company pay you the dividend, they will pay to the bank account you provided when you create direct CDS, if nominee CDS they will pay to the trading platform here is Moomoo Sdn Bhd bank account, then only Moomoo deposit to your platform account and this is why it take extra working days.
PumpkinG OP : FYI, direct CDS will also create account in Bursa Malaysia but not nominee CDS. Most of the direct CDS account can be created under Bank Trading platform in Malaysia and some other platform (Trading Platform M). The rest of trading platform will only open a nominee account for you. If you want to know more can google the different of direct and nominee CDS in Malaysia the info will be more complete.
VTTO : may I ask the dividend paid out is directly to my bank account or moomoo account?
PumpkinG OP VTTO : Dividend will go into your moomoo account first then you may transfer out to your bank account.
VTTO PumpkinG OP : i see thanks bro...
103055497 : Where can i check when moomoo alr deposited?
Moomoo Lily 103055497 : @Moomoo Buddy Please assist. Thanks
Moomoo Buddy 103055497 : Dear valued customer, after the dividend payment is credited, you can check [Funds Details: account-more-funds details] or [Statement]. Thanks for your support. Have a nice day!