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How do I activate Dividend Crediting?

Domestic Dividend Payments

Domestic dividends can be paid as:

  • Direct deposit
  • Cheque
  • Dividend Reinvestment Plan (where applicable)
  • nabtrade dividend crediting

When you purchase shares, the share registry will post out documentation on the company, included in this documentation are dividend payment instructions. If this paperwork is not returned to the share registry dividends will automatically be paid as cheque and posted to the CHESS registered address. Alternatively, the paperwork can be sent back with a BSB and account number and any dividends will be paid into the specified bank account.

The paperwork will also provide an option for a Dividend Reinvestment Plan where dividends are received as additional shares in the company in replacement of cash.

nabtrade Dividend Crediting

Dividend Crediting can be activated on your nabtrade account. When activated, it redirects your dividend payments into the nominated cash account on your behalf. Dividend Crediting will not override any Dividend Reinvestment Plans.

Helpful Hint: Payments will appear in the nominated cash account, they day after the payment date due to processing times.

To activate Dividend Crediting:

  1. Log in to nabtrade using your User ID and Password.
  2. Navigate to Settings > Portfolio and accounts.
  3. Select Permissions.
  4. Scroll down to Dividend crediting and follow the prompts.