Stakeshop Pty Ltd will also run marketing and promotions to you under. You will also be referred to Stakeshop Pty Ltd to enable your trading account and bank account to be set up in order to use the Stake Website and/or App. When you sign up to Stake Super, you are contracting with Stake SMSF Pty Ltd who will assist in the establishment of a SMSF under a ‘no advice model’. This specifically applies to any financial products which are established if you instruct Stake Super to set up a self managed super fund (‘SMSF’). Stake SMSF Pty Ltd (‘Stake Super’) is not licensed to provide financial product advice under the Corporations Act. Stake is not authorised by Sanlam under Sanlam’s AFSL to arrange for clients to be issued with a non-cash payment facility as Sanlam is not authorised under its AFSL for this purpose. Stake is not authorised by Airwallex under Airwallex’s AFSL to arrange for clients to be issued with securities as Airwallex is not authorised under its AFSL for this purpose. 1241398) of Airwallex Pty Ltd (Australian Financial Services Licence No. 337927) ('Sanlam') and an authorised representative (Authorised Representative No. 1241398) of Sanlam Private Wealth Pty Ltd (Australian Financial Services Licence No. Stakeshop Pty Ltd, trading as Stake, ACN 610105505, is an authorised representative (Authorised Representative No. However, thanks to fractional shares, you can manually reinvest your dividend cash payments back into the underlying stock or ETF (minimum trade size US$10). You can view all the relevant information by going to More > Funds and Balances, under Transactions.Īt this time, Stake doesn’t offer a dividend reinvestment program. Please note that some companies that pay dividends may have different withholding amounts. You can read more about W-8BEN forms here.
This is reduced to 15% after the completion of a W-8BEN form, which Stake arranges on your behalf when you make your first deposit on Stake Wall St.
There is a 30% withholding tax on dividend payments in the U.S. For example, if a company pays a dividend of US$10 per share and you hold 1.34 shares in that company, your dividend will be US$13.40 (minus any applicable withholding tax). The dividend amount will be proportional to your holding. You’ll be eligible for a dividend if you own a share (including fractional shares) through its ex-dividend date. Dividends are paid directly into your investing account approximately 2-3 trading days after the payment date.
0 kommentar(er)
