Dividend Reinvestment (DRIP)

You can automatically reinvest cash dividend payments back into the underlying stock or ETF with Dividend Reinvestment (DRIP).

How do I get started?

To enable Dividend Reinvestment, go to Account (Person Icon) > Investing > Dividend Reinvestment. Then, toggle the switch on and complete the onboarding process, if prompted. sliver drip-hc1

Note

Fractional Shares are required to use Dividend Reinvestment. If you don’t have Fractional Shares, you’ll be prompted to enable this feature when you enroll in Dividend Reinvestment.

Once you enable Dividend Reinvestment, you’ll see a list of investments you own or have previously owned with a pending dividend that are eligible for dividend reinvestment. These investments will reinvest dividends by default, but you can choose which of these investments you’d like to reinvest cash dividends for by tapping the circle or checkmark. driphc-2

Note

Your dividends will be reinvested on the trading day after the dividend pay date. You’ll receive a notification letting you know when your dividends are reinvested.

Which investments are eligible for Dividend Reinvestment?

Any dividend-paying stock or ETF that supports fractional shares is eligible for Dividend Reinvestment.

How do I see my pending and past dividend reinvestments?

To see all your pending and past dividends and dividend reinvestments:

  1. Tap Account (person icon)
  2. Tap Statements & History

You’ll see a list of all of your history on Robinhood, including your dividend reinvestments.

To see your pending and past dividends and dividend reinvestments for an individual stock, go to the individual stock detail page. You’ll see pending dividends and pending dividend reinvestments under “Upcoming Activity,” and past dividend payments and reinvestments under “Your History.”

Why was my dividend not reinvested?

Your dividend may not have been reinvested for a variety of reasons. Here are some common cases:

  • The equity is ineligible for Dividend Reinvestment.
  • The dividend was voided or reversed.
  • The market is closed. (In this case, the dividend should be reinvested on the next trading day.)
Reference No. 1051410
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