How do i get paid my dividend?

Question

A company is issuing a dividend and my question is, how does a company usually pay u the dividend? do they give you a check or do they give u more stock? Also, how long does it usually take for the dividend to be issued and processed? The company i am talking about is BIHC, recently i have turned a $50 investment into a $500 profit. Not bad for a college student =)

Answer 1

depends on your broker and what options they have and which one you elect.  I would call your broker and find out from them.

Answer 2

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????

Answer 3

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.

Answer 4

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.

Answer 5

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/quo...

Answer 6

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.

Answer 7

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.

Answer 8

the company will USAULLY mail a dividend check to your home every 3 month(most company mal you evry three month)

Answer 9

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.

Answer 10

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.