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-   -   7.5% NTUC FAIRPRICE Dividend (https://forums.hardwarezone.com.sg/stocks-shares-indices-92/7-5%25-ntuc-fairprice-dividend-5087576.html)

henrylbh 23-06-2015 05:20 PM

7.5% NTUC FAIRPRICE Dividend
 
Yummy dividend of 7.5% amounting $169.65 plus patronage rebate of 5% amounting to $42.03 :s12:

Perisher 23-06-2015 05:57 PM

Quote:

Originally Posted by henrylbh (Post 94709126)
Yummy dividend of 7.5% amounting $169.65 plus patronage rebate of 5% amounting to $42.03 :s12:

Too bad cannot buy NTUC shares anymore.

wts2013 23-06-2015 05:57 PM

hahaha, too bad cannot buy more shares, hahaha

NTUC Income better, 7.5% dividend, hahaha

Perisher 23-06-2015 06:09 PM

Quote:

Originally Posted by MiniYoona (Post 94709873)
how to get the shares?

Must join as member first.
http://www.fivestarsandamoon.com/ear...ice-heres-how/

BirdSureHeadAway 23-06-2015 06:29 PM

Now the limit per person is Maximum of 20shares only

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wts2013 23-06-2015 06:36 PM

Quote:

Originally Posted by Perisher (Post 94710019)

that article is not totally correct, hahaha

Perisher 23-06-2015 07:00 PM

What's changed?

tiny 23-06-2015 07:23 PM

20 shares nia

wts2013 23-06-2015 08:05 PM

"To be eligible for FairPrice membership, you must be a union member or a member of the NTUC General Branch. The latter is catered for those whose workplace does not have an in-house union or for those in managerial / executive positions. Upon acquiring union membership, you can then apply to purchase FairPrice shares (for 20 shares only) at $1 per share plus $3 entrance fee. For more details on NTUC General Branch Membership, please call 6213 8008. "

aboved extracted from ntuc fairprice website. Included in the second group (ie NTUC general branch) who can apply for Fairprice membership are NTUC Income Policy holders.

I got mine under this group. Initially was 20 shares, then one of the years, we were offered to take up more shares. I heard ntuc no longer offer more shares.

Then the law changed: non-unionised individuals acquiring ntuc fairprice membership after 1 May 1993 shall pay an annual fee of $40 to ntuc. such annual fee shall be deducted from their patronage rebates. when the annual partronage rebate does not exceed $40, the lesses amout deducted shall be deemed to have met the requirement of the by-law for that financial year.

battledome64 23-06-2015 09:08 PM

$40 annual fee or $9 per month?

xersion 23-06-2015 11:00 PM

Not forgetting others benefits that come along with this membership.. one of it is insurance...

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wts2013 24-06-2015 08:36 AM

Quote:

Originally Posted by MiniYoona (Post 94714453)
ntuc.org.sg/membership



NTUC membership is open to anyone above 16 years of age, except personnel from Singapore Police Force, Singapore Prisons, Auxiliary Police bodies, foreign domestic workers and full-time students.

Please note that the NTUC membership fee is $117 per annum ($9 per month from Jan-Nov & $18 in Dec)

Is it worth paying $117 for union membership just to get $40 plus in rebates (about $800plus spend), plus the little div from $20 shares for your ntuc fairprice membership?

or

Is it worth paying $40 or less in annual fees with "free" ntuc fairprice membership if u hold NTUC Income insurance policies?

chowck 24-06-2015 09:38 AM

Yes, unfortunately I joined just after 1993 hence $40 annual fee hv been deducted from my rebates yearly.:( Otherwise the rebates very good.

But since we'll been paying $40 annual fee (their law need to change), why can't we auto become union members? Or is there different recognition for those union & non-union memberships? Why should one make to pay the $40 annual fee just to become Fairprice members?

xersion 24-06-2015 09:57 AM

Quote:

Originally Posted by wts2013 (Post 94720711)
Is it worth paying $117 for union membership just to get $40 plus in rebates (about $800plus spend), plus the little div from $20 shares for your ntuc fairprice membership?

or

Is it worth paying $40 or less in annual fees with "free" ntuc fairprice membership if u hold NTUC Income insurance policies?

there's many more like discount at F&B, discount rate at downtown east etc...
many subsidize courses at E2I... most importantly is the union protection at workplace...

MikeL09 24-06-2015 10:02 AM

Quote:

Originally Posted by henrylbh (Post 94709126)
Yummy dividend of 7.5% amounting $169.65 plus patronage rebate of 5% amounting to $42.03 :s12:


I don't remember receiving any letter w the goodies you mentioned. Must be SG50 treats. Usually money in on September. How come you received so early?

I have 1000 shares, plus some bonus shares which i got in 1991/2. Wish Fairprice can become public-listed, but it is just wishful thinking.lol


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