We automatically process your dividends. Cash dividends are credited as cash to your brokerage account by default. To enable dividend reinvestment (DRIP), complete the steps in Dividend reinvestment. If you have it enabled, you can choose to automatically reinvest the cash from dividend payments from a dividend reinvestment-eligible security back into individual stocks or ETFs.

To view your received and scheduled dividends:

1. Go to Account (person icon)
2. In the app, select Menu (3 bars) or select Settings (gear)
3. Select History → Dividends

If you have dividends that are scheduled but haven’t been paid yet, they’ll show as Pending. Note that Robinhood pays dividends when the issuer processes the dividend payments, so your dividend may be delayed if the issuer payment is delayed.

You’ll find the scheduled date and amount listed next to the stock’s symbol. Recently-paid dividends are listed just below pending dividends, and you can select any listed dividend for more information.

To qualify for a company's dividend payment, you must have purchased shares of the company's stock before the ex-dividend date. You can continue to hold your shares after the ex-dividend date or you can sell them on the ex-dividend date and still qualify for the dividend payment.

You won’t qualify for the dividend if you buy shares on the ex-dividend date or later, or if you sell your shares before the ex-dividend date.

Dividends that are paid in foreign currency won’t show as pending, and only appear in History after your brokerage account has been credited.

Dividends will be paid at the end of the trading day on the designated payment date. Fractional share dividend payments will be split based on the fraction of shares owned, then rounded to the nearest penny.

Only stock you already own qualifies for the dividend, including purchases of the company’s stock that are executed before or by 8 PM ET the night before the ex-dividend date.

The following are not eligible and do not qualify for a dividend:

• Purchases (buys) of the company’s stock that execute after 8 PM ET the night before the ex-dividend date.
• Sales of the company’s stock that execute before 8 PM ET the night before ex-dividend date.

You can sell your shares on or after the ex-dividend date, including sales placed after the 8 PM ET cut-off the night before, and still receive the dividend.

For details about extended-hours and overnight trading, check out Extended-hours trading and Robinhood 24 Hour Market.

Sometimes we may have to reverse a dividend after you have received payment. If this occurs, you can view the reversed dividend in History → Dividends. You can select any reversed dividend for more information.

The following are some of the most common dividend reversal scenarios.

Rate update

If the rate was updated after payment was made to you, we’ll reverse the inaccurate dividend and repay using the correct rate. The correct dividend and payment will show up in the app as paid. These rate changes are determined by the issuer, not by Robinhood. Common reasons include:

• The company amends the foreign tax rate
• The company amends foreign currency to US dollars or FX rate
• The company amends the dividend rates
• The company amends a critical date, like the ex-date, record date, or payment date

Complete reversal

We may pay out a dividend that gets recalled and need to reverse the dividend completely. Dividends may get recalled by the DTCC or by the issuing company. If this occurs, you can view the reversed dividend in History → Dividends, as well as on your monthly investing account statement.