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Receive dividends
Updated over a week ago

If you hold shares until a company-defined ex-date, you are entitled to dividends.

Payout date is usually set one month after the record date. Dividends are automatically credited to the client’s account on the payout date.

If taxes apply, they are debited with a separate transaction. You can find the tax details in the Comment field.

Payment milestones

  • Company declares dividends from a stock

  • Company sets the record date and sends a press release to inform the shareholders. Generally, after the Annual General Meeting (AGM). In most cases, dividends are paid out during the following financial year.

  • Record day: all shareholders kept on record to that date are entitled to receive dividend payments

  • Next day: called the ex-date because from that date the stock trades ex-dividend (meaning everyone who buys stocks after the ex-date won’t receive the next payment, instead the seller gets the dividend). The ex-dividend date is set based on stock exchange rules.

  • Payable date: normally, one month after the record date; that’s when clients receive dividends to their accounts.

In some cases, clients might receive the funds with a few days’ delay due to document processing.

Information on dividends paid and tax applied is provided in Client’s Area Transactions.

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