Dividends

We process your dividends automatically. Cash dividends will be credited as cash to your brokerage account by default. If you have Dividend Reinvestment 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 in your mobile app:

  1. Go to the Account tab in the bottom right corner.
  2. Tap Statements & History.
  3. Tap Show More.
  4. Tap Dividends on the top of the screen.

dividend

If you have dividends that are scheduled but haven’t been paid yet, they’ll appear in the “Pending” category. 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 click or tap on 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 will not 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 will not display 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.

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

If you don’t see a dividend, or if you have questions regarding the amount, please let us know.

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Reversed Dividends

Sometimes we may have to reverse a dividend after you have received payment. If this situation occurs, you will see the reversed dividend in the Dividends section of the app. You can click or tap on any reversed dividend for more information.

We describe some of the most common dividend reversal scenarios below.

Rate Update

If the rate was updated after payment was made to users, we will 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 USD/ FX rate.
  • The company amends the dividend rate(s).
  • The company amends one of the following critical dates: ex-date, record date, or payment date.

Complete Reversal

In another scenario, we may pay out a dividend that gets recalled and we need to reverse the dividend completely. The dividends may be recalled by the DTCC or by the issuing company. If this situation occurs, you will see the reversed dividend in the Dividends section of the app, as well as on your monthly brokerage account statement.

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Dividend Reinvestment (DRIP)

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

Reference No. 1391545-2018881
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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). Robinhood Crypto is licensed to engage in virtual currency business activity by the New York State Department of Financial Services. The spending account is offered through Robinhood Money, LLC (“RHY”) (NMLS ID: 1990968), a licensed money transmitter. A list of our licenses has more information. The Robinhood Cash Card is a prepaid card issued by Sutton Bank, Member FDIC, pursuant to a license from Mastercard®. Mastercard and the circles design are registered trademarks of 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. Products offered by RHF are not FDIC insured and involve risk, including possible loss of principal. RHC is not a member of FINRA and accounts are not FDIC insured or protected by SIPC. RHY is not a member of FINRA, and products are not subject to SIPC protection, but funds held in the Robinhood Money spending account and Robinhood Money Cash Card account may be eligible for FDIC pass-through insurance (see 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.

© 2023 Robinhood. All rights reserved.