When you make your first trade of a particular stock on Pearler, your AU Cash account details are sent along to the share registry to receive any dividend payments.

Each share uses its own share registry to manage the registry of shareholders for that company. The registry has the following responsibilities:

• Recording changes in share ownership

• Issuing shareholding statements

• Manages dividend payments, bonuses, and rights issues.

If you want to opt-in for any dividend reinvestment plans (DRP) or nominate a different bank account for dividend payments, you can do so by logging into the website portal of the responsible share registry. Any reinvestments made will be reflected on your transactions page as an "asset transfer", which increases the units of that holding.

If you prefer to have more choice in how your dividends are re-invested, you can also use Autoinvest to set up your own Pearler-focused Dividend Reinvestment Plan. This will allow you to customise when, how and what you want invested in. Brokerage fees may apply.
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US dividends are paid into your US Cash account and the amount will be proportional to your holding (accounts for fractional units) - you do not need to contact a share registry for this to occur since US holdings are custodially held.

If you have more questions, feel free to reach out via our live chat function :)