Dividends are a portion of a company's profit distributed among shareholders. The more shares you own, the higher your dividend payout will be.
To be eligible for dividends, you must purchase shares before the ex-dividend date (the date when eligible shareholders are determined). You can find the ex-dividend date for a specific stock on the Instrument Specifications page.
For example, if the ex-dividend date for a particular stock is November 9, you must buy the shares before the close of the main trading session on November 8 and hold them through November 9. Dividend payments may be processed within a few days after the ex-dividend date, but typically they are credited on the ex-dividend date itself.
Dividends are calculated using the following formula:
Dividend = number of shares × dividend per share – taxes
If the total dividend amount is less than 1 cent (0.01 USD), it will be rounded according to standard rounding rules. For example, 0.007 USD will be rounded up to 0.01 USD, while 0.003 USD will be rounded down to 0 USD. As a result, the dividend payout in such cases may be zero. Please take this into account when deciding on the size of your investment.
You can also view ex-dividend dates in the "Info" tab located below the price chart in the desktop version, or at the top of the screen in the same-named tab in the mobile version.
