Answers to FAQs About Dividends

Also known as: How does moomoo handle dividends from the stocks in my account? Is DRIP available (scroll to the bottom)?

How do I know if I’m eligible for the dividend?

Buy before ex-dividend date: You are entitled to the dividend. If you buy on ex-dividend date, you do not get the dividend. Ex means without.

Sell on/after ex-dividend date: You are entitled to the dividend (since the buyer doesn’t get the dividend, the seller does). It is not possible for both the seller and the buyer to get the dividends so buying and then selling before ex-dividend date won’t get you any dividend. When you sell before ex-dividend date, you give up the dividend to the buyer.

How do I calculate the amount of dividend?

Dividend amount = Dividend per share x the number of shares (it doesn’t matter whether you are holding odd lots, fractional shares or not; what matters is when you bought and/or sold them)

How do I check the ex-dividend date and payout date?

The ex-dividend date and dividend payout date can be found at the quotes page of the stock Company > Dividends.

Payout date is not the same as ex-dividend date. There is a gap of at least 1 to 2 weeks.

Dividends less withholding tax (if applicable; US withholding tax is 30% https://www.moomoo.com/community/feed/109012797882374 ) will be credited to your moomoo margin account within 1 to 3 working days after the dividend payout date. If you used the moomoo CDP account (learn how to use it) to purchase Singapore listed stocks (i.e. the stocks can be seen in your CDP account and not your moomoo CDP account), the dividends will go to the bank account designated for Direct Crediting Service (DCS) in your CDP account (not the same as moomoo CDP account which is a sub account in your moomoo account).

How do I check my dividend records? (only for shares held in the moomoo custodian account)

You may check your dividend record using the following steps:

Accounts > All > Funds Details. Filter for Corporate Actions. If you want to keep records, all the transactions can be found at Accounts > All > Statements

The statements are password protected. Please refer to the moomoo emails about your statements.

Is DRIP available?

DRIP is only available for selected US stocks (for which moomoo supports fractional share trading). Moomoo will charge fees as usual as opting for this simply authorises moomoo to place a buy order for whole or fractional shares. It works the same as you placing a buy order with your cash dividends. This is not the same as scrip option which may be offered by the listed company. You will be notified by email if there is a scrip option for dividend payout. If you don’t reply by the due date, the default option is to take cash.

PS: I’m not a staff of Moomoo. I wrote this to help fellow Moomoo users. Pls click 👍 below if it has helped you.

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