Back to Exchange
FIRST TIME INVESTOR

Dividends into account

Hey investors ! New starter here. I wanted to ask about the Dividends. I know these can be reinvested. But how do you set up these to also just go back into your account to then choose to reinvest. Is this automatic. Pretty much seeing tha positive line come into your bank account, to then choose to put it back in. Or will you just see the variance in the ETF. I currently have Shares, and they just sit there with no funds going into the account. Is this the same thing? How do you eventually turn this into coming into the account when you get enough time and money going into it.

Profile Picture
Abigail Trevenna.

23 June 2023

Like
1

1 Comments

Small Profile Photo
Dave Gow - Strong Money Australia

INVESTOR

over 1 year ago

Hi Abigail :)

If you have not applied to be part of an automatic reinvestment plan (DRP), then any dividends will either go to your Pearler account, or a nominated bank account that you have setup with the share registry.

I’m not sure when you invested in these shares, but typically within 2 weeks of investing you’ll receive paperwork from the share registry who handles the dividend payments on behalf of the fund or company you invested in, asking where you’d like those dividends to go.

I also think Pearler has rolled out a new option where you can elect to have dividends paid into your Pearler account. But I’m not sure if you have selected this option, or if it’s actually functioning yet.

If you can tell us which share you’re invested in, then we can help figure out when you’ll be getting a dividend and where it’ll be going? Many funds pay distributions every 3 months, and many individual companies pay every 6 months.

Hopefully I’ve understood what you’re asking.
Dave

Like
0
Reply

4000 characters left

Related posts

exchange image
First Time Investor

If only I had only known ...

Lets share our best first mistakes with investing.... I can go first, I didn't know that dividends that are reinvested ...

exchange image
First Time Investor

Moving from Micro

Hi there, I am a low income mum of 3 trying to invest for our future. I am currently investing with automated payments ...

exchange image
First Time Investor

G'day how are you all going my name is Dave l'm new to Pearler

Dave Here, I would like to say I'm excited about joining the Pearler family, I'm not working at the moment I work in the...

Home