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.
If I sell my shares before the ex-dividend date, will I still receive the dividend?
If you sold your shares before the ex-dividend date, you will not receive the dividend.
The right to receive dividends belongs to the shareholder who holds the shares at the end of the trading day before the ex-dividend date. Since you sold your shares prior to this, the new owner will be entitled to the dividend instead.