HOW DO I GET PAID MY DIVIDEND?

A association is arising the division as well as my subject is, how does the association customarily compensate u the dividend? do they give we the check or do they give u some-more stock? Also, how prolonged does it customarily take for the division to be released as well as processed? The association i am articulate about is BIHC, not long ago i have incited the $50 investment in to the $500 profit. Not bad for the college tyro =)

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Tagged as: dividend, paid

{ 10 comments… read them below or add one }

corgi1922 September 27, 2010 at 6:33 pm: Usually reinvested unless you select otherwise. The dividends could be posted immediately or within a few days. If it is few days it is back dated.
old_woman_84 September 27, 2010 at 6:46 pm: Unless you can find someone with the same–you would need to ask the company. I think you get to choose–check by mail–maybe direct deposit and probably to reinvest. It should be your decision????
raysor September 27, 2010 at 6:52 pm: I would say the usual way is a cheque, or you can fill in a mandate to get it paid direct into your bank. A dividend is a cash payment. At least form Where I come from!
You can choose to have a scrip dividend (shares) but there may be a fee. The company could have a scrip option or a drip plan but you would normally have to opt in for these.
Dpope September 27, 2010 at 7:48 pm: depend of what option you have set up with your custodian (Schwab, TD Ameritrade). I have dividends to reinvest so when they are paid they buy more stock. If you don’t have them to reinvest they will go into your sweep money market or cash account with that custodian.
Cliff September 27, 2010 at 8:10 pm: depends on your broker and what options they have and which one you elect. I would call your broker and find out from them.
Barney September 27, 2010 at 9:08 pm: Dividends are paid on the payable date for the dividend,

If the stock is in your name, it will be send to via the mail.
If the stock is held by your bank/broker they will put a credit in your account on the payable date.
wealth hunter September 27, 2010 at 9:52 pm: the company will USAULLY mail a dividend check to your home every 3 month(most company mal you evry three month)
muncie birder September 27, 2010 at 10:03 pm: You are joking, are you not. The stock is a penny stock. Has no revenue and the company is under investigation for fraud. And I believe trading has been halted.

http://www.pinksheets.com/pink/quote/quote.jsp?symbol=bihc
K.O. September 27, 2010 at 10:48 pm: If you hold the actual certificate you will receive a check in your name.
If you hold the securities through a broker the broker will receive the money and credit the payment to your account or reinvest the proceeds depending on how you instructed the broker.

Dividends can be cash or rights to stock, usually a fraction which they will end up giving you cash in lieu of your fractions. It is something the company decides. Most of the time it is cash.

The company declares a record and payable date and pays the money on the payable date to the holders of the security on the declared record date, the money should hit your account on the same day.

Sounds like a winner. Good luck I’d take your $500 and run.
Me September 27, 2010 at 11:43 pm: If you have a brokerage account that is street name then they will transfer it to them and the broker will transfer it to your account. Otherwise, if its not street name then you will get a check.

HOW DO I GET PAID MY DIVIDEND?

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