eDividend Payment From Listed Company
Start from 1 September 2010, shareholders 
can receive dividend from Public Listed Company (PLCs) through their bank account. This is what called edividend. In the past, shareholders receive dividend from Public Listed Company by cheque, which cause many problems like delay in delivering and lost in delivering.
There would be a one-year grace period for shareholders to provide the required details. After 18 April 2011, there would be charged a one-off administrative fee when shareholders update their bank account information.
“One of the main objectives of implementing eDividend is to promote greater efficiency of the payment system which is aligned to the national agenda of migrating towards electronic payment platforms,” said Bursa Malaysia chief executive officer Datuk Yusli Mohamed Yusoff.
As for shareholders who had nominee account with investment bank, you don’t have to register yourself again for edividend anymore because you already receiving dividend through bank account.
I have submitted mine on the 21st April and it was done on the next day. How I know about it? I have received the confirmation advice from Bursa dated 22nd April. Very efficient.
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i’m sure this will encourage more people to invest in stock
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Mrcoolku Reply:
May 1st, 2010 at 7:40 am
Maybe because make the investor more easy in receiving dividend
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