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Get the free Scrip Dividend Scheme (SRS and CPFIS) - Singapore

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NOTICE OF ELECTION To : United Overseas Bank Ltd CPF/SRS OperationsRetail Investment Operations Center Dividend Code: SR304F23A (Closing Date: 30 May 2023) NO ACTION NEEDED IF YOU WISH TO RECEIVE
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How to fill out scrip dividend scheme srs

01
Log in to your SRS account online or go to the bank in person.
02
Select the scrip dividend scheme option on the menu.
03
Choose the company you want to participate in their scrip dividend scheme.
04
Indicate the number of shares you wish to receive instead of cash dividends.
05
Confirm your selection and wait for the next dividend payout to receive your shares.

Who needs scrip dividend scheme srs?

01
Investors who prefer to reinvest their dividends into additional shares of a company.
02
Investors who believe in the long-term growth potential of a company and want to increase their ownership.
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Scrip Dividend Scheme (SRS) allows shareholders to receive additional shares in a company instead of cash dividends.
Shareholders who opt for the scrip dividend scheme are required to file SRS.
Shareholders can fill out the SRS form provided by the company and indicate their choice to receive additional shares.
The purpose of SRS is to provide shareholders with an option to reinvest dividends back into the company.
Shareholders must report their choice to receive additional shares instead of cash dividends.
Penalties for late filing may include a loss of the opportunity to participate in the scrip dividend scheme or additional administrative fees.
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