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Dividend on overseas stocks - July 2020 to June 2021
13 Jul 2021 (670 views)

I invested about S$1,500,000 in overseas stocks (in Hong Kong and US exchanges). The stockbroker keeps the stocks in their nominee account and collects the dividends (after tax) for me. 

Dividend in Hong Kong is paid after deduction of 10% tax. The stock broker also deduct an admin fee for collecting the dividend (about 1% on the amount collected).

The cash dividends that I received for the past year is about S$30,000. This represents 2% of the amount invested. 

China stocks give an average yield of 4%. US stocks probably give 1% or less.

The dividend on my Singapore shares go directly into my bank account. It is collected by the Central Depository (CDP).

Tan Kin Lian


Dividend on overseas stocks - July 2020 to June 2021
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I invested about S$1,500,000 in overseas stocks (in Hong Kong and US exchanges). The stockbroker keeps the stocks in their nominee account and collects the dividends (after tax) for me. 

Dividend in Hong Kong is paid after deduction of 10% tax. The stock broker also deduct an admin fee for collecting the dividend (about 1% on the amount collected).

The cash dividends that I received for the past year is about S$30,000. This represents 2% of the amount invested. 

China stocks give an average yield of 4%. US stocks probably give 1% or less.

The dividend on my Singapore shares go directly into my bank account. It is collected by the Central Depository (CDP).

Tan Kin Lian