RE: Script Dividend4 Jun 2023 14:15
"So, in principle, all the broker needs do is add them to your existing nominee account record. It's not a corporate action."
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TheTrostky, so how does the broker inform the nominee account holders that a scrip dividend is an option for company they hold?
From my experience brokers offer DRIP (this is an acronym) but apparently don't process scrip dividends....or perhaps they just don't tell nominee account holders that scrip dividends are available even if the underlying company offers it.
Basically, what secret code word do I have to give to my broker to get them to do scrip dividends, assuming they are an option for a particular stock.