Shares & Derivatives
Simple guide to dividend collection from Thai-listed stocks
By Clueless Punter  •  May 26, 2014
No, this is not another get-rich-financial-freedom-with-dividends type of post. This is a simple write-up about receiving dividends from Thai-listed companies when the shares are bought through a local (Singapore) broker. Here are some facts about the SET;
1st quarter has passed and many companies distributed dividends and one of them was Krung Thai Bank that paid 0.88 baht/share.
Example calculation No. of shares: 1000 Dividend/Share: 0.88 baht Exchange rate: 0.03762 Tax/Broker handling fees; Thailand: 10% withholding tax Singapore: $10 + GST = $10.70 Gross dividend will be 880 baht / S$ 33.11 After 10% tax from Thai side: 792 baht / 29.80 After fees from SG: S$ 19.10 Comments After the payable date given by the company, I received the dividend in the mailbox 10 days later. What happened was the dividend will be taxed first from Thailand, then the handling fees/GST from ......
Read the full article
By Clueless Punter
LEAVE A COMMENT
LEAVE A COMMENT

Your email address will not be published.

*

Your Email Address will not be published
*

Read More Articles
More from thefinance