Yes, if there is a corporation action on cash dividends. There would be a cash payout based on the number of shares held and would be paid based on the ex-dividend date. Also, there could possibly be dividend withholding tax imposed. This is a type of tax whereby a company must take of a dividend at the point payout to the client.

The tax rate is dependent on where the share/company is registered, and it is usually applicable to long positions.

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