We automatically process your dividends. Cash dividends are credited as cash to your brokerage account by default. To 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:
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.
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.
Sometimes we may have to reverse a dividend after you have received payment. If this occurs, you’ll see 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.
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:
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 History → Dividends, as well as on your monthly brokerage account statement.
With Dividend reinvestment, you can automatically reinvest cash dividend payments back into the underlying stock or ETF. Learn more in Dividend reinvestment.