Getting paid the dividend
Do you hold any stocks that pay a cash dividend? If so, the cash dividend will appear in the History tab as a credit and will post to your account a day after the payable date and reflect in your account's cash balance.
Owing the dividend
Were you assigned short stock or held a short stock position and owe the dividend? If so, the dividend amount will initially list as a pending cash entry when the underlying trades ex-dividend. The owed dividend will appear in the History tab as a debit on the payable date and deduct from your account's cash balance.
DRIP: Dividend Reinvestment Program
How do I enroll my account for DRIP?
Looking to reinvest any dividends with DRIP? Before reaching out to our Trade Desk, your account must have a DRIP eligible security to enroll. We cannot preemptively apply DRIP to your account. To enroll, please contact our Trade Desk (email@example.com) after the position(s) settles. We can apply DRIP on a portfolio or position basis.
When DRIP is applied, and a dividend is paid, the cash dividend will display in your History tab. The reinvested dividend will appear immediately above the cash dividend as a debit, indicating the cash dividend is reinvested. DRIP must be enabled before the dividend record date to receive dividend reinvestment. There are no additional commissions or fees to enable DRIP.
Current limitation with DRIP on the platform
Currently, any whole or partial shares from a reinvested dividend will not appear on your platform. However, partial shares are visible on our back-end through our clearing firm and on your monthly statement. Any whole shares from dividend reinvestment will appear on your platform after a new calendar year (in January). Dividends payments going forward are based on the total shares you own, including any whole or partial shares from prior dividend reinvestment.