Bursa Malaysia: e-Share Payment
Do you know that Malaysia now has two types of dividend? In default, listed companies are giving away dividend in cash. But, this kind of scenario has been changed, whereby shareholders are sometimes are given the "share-dividend" instead. Maybank rocks the market last year by purposing a share-dividend plan, in contrary to the usual cash dividend. Then, few listed companies are following the latest trend. Here, let us know more about scheme. Similar to eDividend, one of the main objectives of implementing e-Share Payment is to promote greater efficiency of the payment system which is aligned to the national agenda of migrating to electronic payment. What is e-Share Payment? It is a service provided by all stockbrokers for the purpose of: payment of share sales proceeds by the stockbroker directly into your bank account; and/or providing an option for you to initiate payment via e-channels (e.g. Internet banking, mobile banking, ATM) or to authorize the banks where you ma...