The Hong Kong Stock Dividend Reinvestment Days fall on the 5th and/or 15th trading day of each month. Dividends from the Dividend Reinvestment Stocks will be fully credited to clients’ Hong Kong Stocks Accounts, and will be used for purchasing the same stocks on the next Dividend Reinvestment Day.
No, the amount of dividend reinvestment represents the actual dividends received from the Dividend Reinvestment Stocks. In other words, all dividends received will be used for purchasing the same stocks.
- Open a CHIEF Hong Kong Stocks Account
- Apply via“Chief Trader” Mobile APP (Android or iOS)
- Enroll eligible stocks (“Dividend Reinvestment Stock(s)”) in the plan
Yes, you may enroll in or remove any Dividend Reinvestment Stocks from the plan at any time. Any enrollment or removal requests will be submitted before 8:30 am of a Dividend Reinvestment Day. In case where a Dividend Reinvestment Stock is removed from the plan, the relevant dividends will not be debited, and will remain in the client’s Hong Kong Stocks Account.
The plan is commission-free. However, clients are still subject to stamp duty, SFC transaction levy, HKEX trading fee, and CCASS stock settlement fee. A cash dividend collection fee and scrip fee will also be charged for collecting distributed dividends.
No, only one application is required. If the dividends from the Dividend Reinvestment Stocks are credited to your Hong Kong Stocks Account before the next Dividend Reinvestment Day, we will automatically purchase further shares of the same stocks.
If the trading of a stock elected for dividend reinvestment is suspended on a Dividend Reinvestment Day, the dividend reinvestment on that day will be cancelled and no stock will be purchased. The relevant monies will be credited to the client’s stock account without any trading fees being charged.
Under the Hong Kong Stock Dividend Reinvestment Plan, reinvestment is made based on the cash dividends amount received by the clients. As long as the clients’ accounts has the buying power equivalent to that of the dividends withdrawn on the Dividend Reinvestment Day, we will proceed with the reinvestment, regardless of any changes in the clients’ holdings. If you would like to remove a particular stock from the Hong Kong Stock Dividend Reinvestment Plan, please submit your request before 8:30 am of a Dividend Reinvestment Day.
As the dividend collection is subjected to the deposited amount in client’s HK Stocks Account, if the stocks are in Stock Options Account before ex-date, dividend will be deposited in the Stock Options Account.
If client would like to join the Hong Kong Stock Dividend Reinvestment Plan, please transfer the stocks from Stock Options Account to HK Stocks Account before ex-dividend date.