Alanbull
OP
:
Has anyone tried dividend reinvestment (DRIP) via MooMoo. I am trying to ascertain 1) if with-holding tax was deducted before dividend 2) what happens to the excess (small dollars) not used - since we cannot be buying fully the exact amount of shares with the dividend paid 3) are there additional transactions fees/tax from the DRIP Appreciate any advise!
What is Dividend Yield? The dividend yield shows how much a company pays out in dividends each year relative to its stock price. The dividend yield is an estimate of the dividend-only return of a stock investment. For example, if a company's dividend yield is 7% and you own $10,000 of its stock, you would see an annual payout of $700 or quarterly installments of $175. Assuming the dividend is not raised or lowered, the yield will rise when the price of the stock falls. And conversely, it will fall when the price of the stock rises. Why...
Alanbull OP : Has anyone tried dividend reinvestment (DRIP) via MooMoo. I am trying to ascertain
1) if with-holding tax was deducted before dividend
2) what happens to the excess (small dollars) not used - since we cannot be buying fully the exact amount of shares with the dividend paid
3) are there additional transactions fees/tax from the DRIP
Appreciate any advise!
Moomoo Lily Alanbull OP : Hi mooer, currently, dividend reinvent is not supported in moomoo.
Alanbull OP : Thank you. For US dividend received in Singapore, I presumed this is subject to 30% withholding tax?