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Dividend Reinvest for Singapore Stocks in IBKR platform

Q&A › Category: Dividend Stocks › Dividend Reinvest for Singapore Stocks in IBKR platform
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Lynette Chang asked 1 year ago
Hi, I bought some singapore dividend stocks @ IBKR and have already indicated & set the dividend to Reinvest but it didn't happen. It was cashed out. Sigh.. Could you advise on how do i go about the setting ? Thanks !  
1 Answers
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Rusmin Ang Staff answered 1 year ago
Does the company have dividend reinvesting plan? If it doesn't then it won't happened. Generally, we prefer to collect the cash dividend and reinvest based on opportunities, not necessarily has to be on the same stock.
Lynette Chang replied 1 year ago

Both companies are SBS Transit (S61) and Mapletree Pan Asia (N21U) which i m not sure whether both have reinvesting plan.
IBKR platform does not reflect both stocks under the reinvest segment where i m supposed to tick on the stocks for reinvest hence no reinvesting plan available for this two stocks correct?

Rusmin Ang Staff replied 1 year ago

Both does not have dividend reinvesting plan.

Lynette Chang replied 1 year ago

Thanks!