Dividends | Robinhood

Dividends

We automatically process your dividends. Cash dividends are credited as cash to your brokerage account by default. To enable dividend reinvestment:

  1. Go to Account (person icon)
  2. In the app, select Menu (3 bars) or Settings (gear)
  3. Select Investing
  4. Select Enable dividend reinvestment

If you have Dividend Reinvestment (DRIP) enabled, you can choose to automatically reinvest the cash from dividend payments from a dividend reinvestment-eligible security back into individual stocks or ETFs.

You can view your received and scheduled dividends:

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

If you have dividends that are scheduled but haven’t been paid yet, they’ll appear as Pending.

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.

Keep in mind

Dividends for foreign stocks take additional time to process. You'll most likely receive your dividend payment 2-3 business days after the official payment date.

Reversed dividends

Sometimes we may have to reverse a dividend after you have received payment. If this occurs, you’ll see the reversed dividend in HistoryDividends. 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’ll see the reversed dividend in HistoryDividends, as well as on your monthly brokerage account statement.

Dividend reinvestment (DRIP)

With Dividend reinvestment, you can automatically reinvest cash dividend payments back into the underlying stock or ETF. Learn more in Dividend reinvestment.

Was this article helpful?
Reference No. 3222455
Still have questions? Contact Robinhood Support
PARTICIPATION IS POWER™

All investing involves risk.

Brokerage services are offered through Robinhood Financial LLC, (“RHF”) a registered broker-dealer (member SIPC) and clearing services through Robinhood Securities, LLC, (“RHS”) a registered broker dealer (member SIPC). Cryptocurrency services are offered through Robinhood Crypto, LLC (“RHC”) (NMLS ID: 1702840). The Robinhood Money spending account is offered through Robinhood Money, LLC (“RHY”) (NMLS ID: 1990968), a licensed money transmitter. Credit card products are offered by Robinhood Credit, Inc. (“RCT“) (NMLS ID: 1781911 and issued by Coastal Community Bank, Member FDIC, pursuant to a license from Visa U.S.A. Inc.

The Robinhood Cash Card is a prepaid card issued by Sutton Bank, Member FDIC, pursuant to a license from Mastercard® International Incorporated. RHF, RHY, RHC and RHS are affiliated entities and wholly owned subsidiaries of Robinhood Markets, Inc. RHF, RHY, RHC and RHS are not banks. Securities products offered by RHF are not FDIC insured and involve risk, including possible loss of principal. Cryptocurrencies held in RHC accounts are not covered by FDIC or SIPC protections and are not regulated by FINRA. RHY products are not subject to SIPC coverage but funds held in the Robinhood Money spending account and Robinhood Cash Card account may be eligible for FDIC pass-through insurance (review the Robinhood Cash Card Agreement and the Robinhood Spending Account Agreement).

Options trading entails significant risk and is not appropriate for all customers. Customers must read and understand the Characteristics and Risks of Standardized Options before engaging in any options trading strategies. Options transactions are often complex and may involve the potential of losing the entire investment in a relatively short period of time. Certain complex options strategies carry additional risk, including the potential for losses that may exceed the original investment amount.

Commission-free trading of stocks, ETFs and options refers to $0 commissions for Robinhood Financial self-directed individual cash or margin brokerage accounts that trade U.S. listed securities and certain OTC securities electronically. Keep in mind, other fees such as trading (non-commission) fees, Gold subscription fees, wire transfer fees, and paper statement fees may apply to your brokerage account. Please see Robinhood Financial's Fee Schedule to learn more.

© 2024 Robinhood. All rights reserved.
Follow us on

All investing involves risk.

Brokerage services are offered through Robinhood Financial LLC, (“RHF”) a registered broker-dealer (member SIPC) and clearing services through Robinhood Securities, LLC, (“RHS”) a registered broker dealer (member SIPC). Cryptocurrency services are offered through Robinhood Crypto, LLC (“RHC”) (NMLS ID: 1702840). The Robinhood Money spending account is offered through Robinhood Money, LLC (“RHY”) (NMLS ID: 1990968), a licensed money transmitter. Credit card products are offered by Robinhood Credit, Inc. (“RCT“) (NMLS ID: 1781911 and issued by Coastal Community Bank, Member FDIC, pursuant to a license from Visa U.S.A. Inc.

The Robinhood Cash Card is a prepaid card issued by Sutton Bank, Member FDIC, pursuant to a license from Mastercard® International Incorporated. RHF, RHY, RHC and RHS are affiliated entities and wholly owned subsidiaries of Robinhood Markets, Inc. RHF, RHY, RHC and RHS are not banks. Securities products offered by RHF are not FDIC insured and involve risk, including possible loss of principal. Cryptocurrencies held in RHC accounts are not covered by FDIC or SIPC protections and are not regulated by FINRA. RHY products are not subject to SIPC coverage but funds held in the Robinhood Money spending account and Robinhood Cash Card account may be eligible for FDIC pass-through insurance (review the Robinhood Cash Card Agreement and the Robinhood Spending Account Agreement).

Options trading entails significant risk and is not appropriate for all customers. Customers must read and understand the Characteristics and Risks of Standardized Options before engaging in any options trading strategies. Options transactions are often complex and may involve the potential of losing the entire investment in a relatively short period of time. Certain complex options strategies carry additional risk, including the potential for losses that may exceed the original investment amount.

Commission-free trading of stocks, ETFs and options refers to $0 commissions for Robinhood Financial self-directed individual cash or margin brokerage accounts that trade U.S. listed securities and certain OTC securities electronically. Keep in mind, other fees such as trading (non-commission) fees, Gold subscription fees, wire transfer fees, and paper statement fees may apply to your brokerage account. Please see Robinhood Financial's Fee Schedule to learn more.

© 2024 Robinhood. All rights reserved.