RHB Launches E-Dividend Service For Corporate Clients

RHB Bank has launched the e-Dividend service through its Reflex Online Cash Management for corporate clients.

The bank said the service would allow an issuer to electronically pay dividend entitlements directly into the shareholders' bank accounts instead of making payment via cheques.

"Common problems associated with dividend payments like misplaced, lost or expired cheques will no longer be an issue with this service," it said.