Dividends should be credited direct to bank accounts

Reading a story on the work of Malaysian Central Depository Sdn Bhd in StarBiz on Tuesday, headlined Depositors remain MCD’s main priority, prompted investor Pui Cheng Wui to call up with a suggestion. 

“Would MCD (which keeps tabs on the share ownership and movements of three million accounts for KLSE investors) kindly consider taking over the function of handling dividend payments, including crediting dividends to the bank accounts of shareholders?” he asked.