How will the investor receive dividend/interest, if any, on the securities he is holding?
A. NSDL gives the issuer/ R&T agent of the security for which dividend has been announced a list of beneficial owners as of the record/ book closure date. Based on this list provided by NSDL, the issuer/ R&T agent directly forwards dividend payment to the investor, as in case of the physical environment. Presently, NSDL does not handle cash corporate actions.
Related Questions
- Is the interest and dividend income earned by the securities held in US Treasury Money Market and US Bond funds reduced by the US 30% withholding tax?
- How will the investor receive dividend/interest, if any, on the securities he is holding?
- Who are the Securities Investor Protection Corporation (SIPC)?
