PEARLER FEATURES
Automatically Reinvest Betashare and Vanguard Dividends
Hi, Is there a way to automatically reinvest Betashare and Vanguard dividends and prevent them from going to my bank account?
4 Comments
over 1 year ago
Hi Ms Black.
Yep there is. I think Pearler is rolling out an automatic way to do this, but not sure if it’s officially running yet (maybe someone from Pearler can confirm this?).
The manual way is to contact the share registry who handles their dividend payments and notify them you’d like to use the dividend reinvestment plans.
Betashares uses Link Market Services: https://www.linkmarketservices.com.au/
Vanguard uses Computershare: https://www.computershare.com/au
When you first start investing you’ll receive paperwork notifying you about these share registries and giving you some login details where you can elect what you’d like to do with the dividends. So if you’ve already started investing, maybe dig around for that paperwork. Otherwise I guess you could call them and they could send you out that info again.
Hope that helps.
Dave
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ReplyMs Black
INVESTOR
over 1 year ago
Thank you, Dave. I had done just that, but both exchanges ignored my choice and proceeded to pay the dividends in cash. I assumed it was an Australian requirement. Will give them a call and check. Thank you!
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Replyover 1 year ago
Nah they should definitely follow your instruction, but I must admit they do make it annoyingly difficult for some reason! I remember having quite a painful experience a while back. But it’s worth the time to get everything setup how you want it :) Good luck!
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