I agreed with @prudentinvstor and @stkoay. One can opt in for DRP shares or cash. As such, the dividend portion for DRP must be included in the dividend yield calculation. Also share price offered under DRP is a discounted price and the potential to make additional capital gain is possibly there.

Seriously???

Huge purchases I mean something like car, house, etc. In case Income Tax Dept request us to substantiate the source of our income on this purchase. Hope my explanation is correct.

We do not need to declare our dividend income in our tax submission like previous years. It is a single tier reporting system now and we are not entitle to claim tax credit from Income Tax Dept depending on our tax regime. Also the dividend we received is net dividend after tax. But it is good to keep a record of the dividends we received just in case we need to make huge purchases in the future.

For CDS account holder, the dividend is paid on the same day on paid date. For nominee account, the dividend will come to Raukten first and subsequently credited to our account. That will take 2 to 3 working days.

@jeffchan1901: Yes. It is a nominee account with Rakuten. Normally I would transfer the shares to my CDS account after accumulating certain quantity of shares. You are right that for CDS account holder, normally we will go to Boardroom online to perform the DRP acceptance request and pay the relevant fees.

@jasonwong92. I have Rakuten account as well and as such, I received message from Rakuten whenever there is DRP. Hope that should clarify your concern.

@jasonwong92. Do you mean Dividend Reinvestment Program(DRP)? If it is DRP you are referring to, you do not need to activate anything. Just wait for the DRP announcement to be made by Maybank(if any) and you will receive a message from Rakuten asking for your choice either to receive the dividend in cash or DRP.

@skybursa: Wow. That's an awesome holding. All the best towards 100k target. And enjoy the fruit in coming years.

Dividend is the true cash we received from investing in equity market. Some companies make good profit but pay lower or no dividend over the years. As an investor, we could only hope for capital gain of which we really gain after disposal. Or else, it is just purrely paper gain.

For a mature financial institution like Maybank, it is easy domestically but difficult regionally or internationally when coming to market expansion.

I thought so. Lower price, higher dividend yield for long term gain. Although it is a free market, it is distorting the market mechanism. It would be more beneficial to have reasonable capital gain with reasonable dividend over the long haul by improving company's performance. Instead of just defending price to maintain dividend yield.

Noticed something interesting? Whenever the price of Maybank going to move up, there's alwasys some small quantity of shares transacted to bring down the price. Very often only 1 share transacted to lower the price. Seems certain party trying to maintain certain low price range. Wondering.

Seriously? There is hardly any countries in this world is free from corruption. It is only less corruption. Policians are the same. They can sell you anything when they need you. When you need them, they are nowhere to be found. Simple as that.

Seriously? Taking action? Better be and not becoming NATO.

@Heroking. Affin's current dividend should be a generous one-off scale only as it distributes some profits from its disposal of asset owned. However, you are right to point out that it is indeed generous.

I doubt it will happen this time. No single party could command majority any longer because there are too many fragmented small parties. These small parties are the king maker and sorry to say, may hopping will happen. It is sad and bad for Malaysia as a whole to move forward.

No doubt the company is delivery profit year after year. But the performance is not reflected in its stock price. Its price keeps dropping and other technology company's price keeps going north.

@prudentinvestor: That is true. Be greedy when others are fearful. For long term investor, this price averaging method works well if one is discipline enough, i.e. buying consistently over time, reinvest dividend received to accumulate more units, etc.

@DividendGuy6: You have a good point. EPF did start buying lately again. Company is profitable since inception and listing so far. Also the company is handing out dividend yearly even though the amount dividend fluctuates going by its performance. Overall still decent like what you highlighted.

I think stkoay and prudentinvestor have pointed out precisely with historical data in previous date that "Those who have bought prior to 10th April 2020, till today, they have received 149 sen plus 28 sen coming in next month....so, total dividend since then is 177 sen :)". That payout of dividends speak for itself. And it always comes down to one's investing principles: Long or short haul. If one goes back and looks at Maybank's dividend history for the past 10 years+, the payout is rather consistent. As such, holding for long haul makes perfect sense. Question is do you have the appetitte to hold this long? I have and I would.

They have installed a young new CEO from within the company. Hope she could be bring the company forward. Apparently, the company reported that new products are in the pipeline. Hope it could bring in new clients, revenue and penetrate more market segments.

stkoay: Thank you very much for your update. Appreciate it. Good day.

@jeffchan1901 and @stkoay: Thanks for the update. Will check again. Happy investing!

Has anyone received the DRP subscription notice from Boardroom?? Apparently, those using Rakutentrade have received theirs.

@stkoay: You are absolutely right. I would say that if there is no market shocks or negative news, its price will gradually heading north soon. This happened each time after the ex price date.

skybursa: DRP at RM8.38.

In 2021, the announcement date dropped on Sep 8. The announcement on ex and payment dates shouldn't be far off. Probably this few days.

@NatsukoMishima: You are right. Consistently handing out resonably good dividend over the years since its IPO. Hopefully its price will reflect its fundamental soon.

@Cslee1215: Have I offended you? Why you are so rude in your message? Totally abusive and show no respect for others. Although it is an open dialogue, but be careful of the words you chosed and used on others.

Notice that Maybank's price is steadily declining for the past weeks from its high of RM9.18+. Any rationale behind such decline? The only possible reason I can think of is the fear of recession that could possibly happen as repoted in many news.

Biggest joker of all time. Just like beggar asking for money, he asked for money and weapons. Who can help someone that consistently asking for money etc. He should wake up soon.

@jeffchan1901 I agreed with you. Thanks for your input.

stkoay: Your comment that if Maybank's latest quarter EPS comes above 18 cents is so close to its actual 17.22 cents. Good guess.

stkoay: Thanks for your comment. Appreciate it.

stkoay and jeffchan1901: What do you all think about Affin? Its current share price and propspect comparing to Maybank? Notice that its share price is moving north lately from around 1.70+- till now. Rather substantial. Any input is very much appreciated.

jeffchan1901: Thanks for the advise and input.

stkoay: I wonder the one off prosperity tax will cause any dampen on its profitability or not. Hopefully, it will show some encouraging result and carry positive lead into the subsequent quarters.

Hope Maybank can produce some good results as compare to previous quarter since our economy is fully opened. This should also give some positive leads to other financial institutions business performance as well.

jeffchan1901: Thank you for your feedback. Appreciate it a lot.

stkoay: Thanks for your feedback. Appreciate your assistance.

stkoay: Where to find this information that Maybank is going to release its result tomorrow? Any help is very much appreciated. TQ.

GrowthCapitalist: I agree with you.

Carimin is quietly moving over the past few days. Something is probably brewing?? Volume also spikes as well.

85 cents dividend is correct as the company is sitting on pile of cash.

stockraider: Inflation is good for banking whereas recession is not loh!

So if u invest in banking when recession strike....be prepare for about 2 years share price consolidation mah!

Yup. You are right. In recession, all sectors affected and their share price as well. If you intend to invest for long haul, it is also the time to buy into some good companies. Normally, equity market will move ahead first when economy starts recovering.

Recession of inflation? It is normal in any economic cycle. It comes and goes. Just be ready with your funds when the market turns south. Wealth is made or break during turbulent and prosperous period. This is the "window of opppotunity" for those who are prepared and ready. Stick to your investment strategy at your own comfort. My 2 cents opinion.

DickyMe: I believe many investors including myself also hope that this price point would arrive. Nobody can predict the future and anything can happen. Should this happens to the banking sector, other sectors of the economy should have performed even worst. Just get ready when it arrives.

prudentinvestor: You made a good factual point. Matbank has being making profits and rewarded its shareholders with rather consistent dividend amount averaging around RM500+- more than a decade. Receiving dividend is practical because is cash inflow at investor's disposal.

moneyonthew: The company secretary of Maybank now is Boardroom Share Registrars Sdn. Bhd. Shareholder of Maybank who wants to attend AGM needs to register their interest with Boardroom at https://investor.boardroomlimited.com/ when the notice to attend the AGM is published.