Domestic dividends can be paid as:
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.
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: