Dividend & Share Reinvesting Question For Foreign Stocks

[Guest Cdangibeaud]

Hi all,

I'm fairly new to trading, there's an ETF in Canada (HHMJ) I've been looking at for a while to buy on the IG CFD platform and just had a question in regards to how dividends work for foreign stocks before I place an order. Does it work the same as shares or ETFs traded on the ASX where dividends are paid or reinvested automatically depending on personal preference or is there a difference because it was purchased outside Australia?

I'm really sorry if this questions is really daft, just starting to learn the ropes

Any help would be much appreciated!

Cheers,

Charles

[JamesIG]

There's no such thing as a daft statement! Dividends will be paid as a cash value to the account (or debited if you are short). There is no dividend reinvestment option I am afraid.

[Guest Cdangibeaud]

Great thanks so much!