xxxxx wrote:
BTW, if you give them your bank account number, they will send the dividend by EFT
VVS..Does this apply to investors not based in Kenya??[/quote]
EFT of dividend to a foreign bank account s almost an impossible task because as you know dividend is ksh denominated.
Your best best as a non resident is to set up a local bank account mainly for dividend payment in Kenya. Besides there is a procedure to link your bank account to CDSC. There is a standard form to collect from your broker that will be endorsed by both your stock broker and your local bank and submited through your broker to CDSC.
With this arrngement your future dividends will be
credited to your kenya bank account.
I am a non resident foreign investor and this was exactly what I did a few years back.
Hope this helps ?
The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .