Dividends
1. When can I receive dividends?
→ Please refer to the relevant corporate action document. The ex-dividend date refers to the date on which the dividend is calculated; the dividend payout date refers to the date on which the dividend is paid.
2. What are the forms of dividends? How do I receive dividends?
→ Usually, the dividend is in the form of cash dividends or stock dividends. Whether a dividend is paid on a stock position depends on the corresponding issuing company. Dividends (if any) are automatically paid to your Tiger account: if you hold the stock before the ex-dividend date, you will automatically receive the dividend.
3. What is the withholding tax? Do I have to pay tax on dividends received?
→ Generally, investors who are non-U.S. tax residents are subject to U.S. tax on their U.S. sourced income. For most types of U.S. sourced income, the investor is subject to a 30% U.S. tax (or the corresponding tax under the applicable tax treaty or exemption), which also includes dividends from the U.S. listed securities. This type of tax will be withheld from payments made to investors and is therefore referred to as withholding tax. Some companies listed on the SGX/HKEX but incorporated outside the location of the corresponding exchange (Singapore and Hong Kong) may also be subject to withholding tax. For more information, please refer to the respective prospectus.
The dividends you receive in your Tiger Account are already automatically withholding tax deducted on the ex-dividend date (if tax is required). You do not need to do anything once you have received the dividends.
4. How can I view the dividend payout record?
→ The dividend payout record will be updated in the Statement after 7pm on the next trading day following the payout date.