23-11-2010, 04:50 PM
It is probably Junior Kuah idea.
"Hey Dad.. Why do you buy MTQ shares from open market?"
"Got 4% dividend mah..."
"Aiya...We can pay scrip dividend instead of cash"
"Correct hor... no need to pay stockbroker fees too and can increase my MTQ stake"
The only inconvenient part is the fractional lots that arises out of scrip dividend. Real inconvenient...
But, I think it is mainly the fault of SGX rather than MTQ.
What kind of era liao... still must buy a min of 1000 share per lot.
"Hey Dad.. Why do you buy MTQ shares from open market?"
"Got 4% dividend mah..."
"Aiya...We can pay scrip dividend instead of cash"
"Correct hor... no need to pay stockbroker fees too and can increase my MTQ stake"
The only inconvenient part is the fractional lots that arises out of scrip dividend. Real inconvenient...
But, I think it is mainly the fault of SGX rather than MTQ.
What kind of era liao... still must buy a min of 1000 share per lot.