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7.5% NTUC FAIRPRICE Dividend

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Old 23-06-2015, 05:20 PM   #1
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7.5% NTUC FAIRPRICE Dividend

Yummy dividend of 7.5% amounting $169.65 plus patronage rebate of 5% amounting to $42.03
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Old 23-06-2015, 05:57 PM   #2
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Yummy dividend of 7.5% amounting $169.65 plus patronage rebate of 5% amounting to $42.03
Too bad cannot buy NTUC shares anymore.
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Old 23-06-2015, 05:57 PM   #3
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hahaha, too bad cannot buy more shares, hahaha

NTUC Income better, 7.5% dividend, hahaha
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Old 23-06-2015, 06:09 PM   #4
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how to get the shares?
Must join as member first.
http://www.fivestarsandamoon.com/ear...ice-heres-how/
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Old 23-06-2015, 06:29 PM   #5
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Now the limit per person is Maximum of 20shares only

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Old 23-06-2015, 06:36 PM   #6
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Must join as member first.
http://www.fivestarsandamoon.com/ear...ice-heres-how/
that article is not totally correct, hahaha
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Old 23-06-2015, 07:00 PM   #7
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What's changed?
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Old 23-06-2015, 07:23 PM   #8
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20 shares nia
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Old 23-06-2015, 08:05 PM   #9
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"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.
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Old 23-06-2015, 09:08 PM   #10
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$40 annual fee or $9 per month?
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Old 23-06-2015, 11:00 PM   #11
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Not forgetting others benefits that come along with this membership.. one of it is insurance...

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Old 24-06-2015, 08:36 AM   #12
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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?
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Old 24-06-2015, 09:38 AM   #13
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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?
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Old 24-06-2015, 09:57 AM   #14
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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...
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Old 24-06-2015, 10:02 AM   #15
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Yummy dividend of 7.5% amounting $169.65 plus patronage rebate of 5% amounting to $42.03

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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