Fund Dividend

1. What is Dividends?

Dividends are distributions of earnings to fund investors, either in the form of cash or additional shares.

1.1 How to distinguish whether a fund is a dividend fund?

Tap any fund to enter its detailed quotes page. Tap the icons at the top right corner of the page. Funds with an icon called Div are dividend funds. If it shows Acc, the fund does not distribute dividends.

2. Frequency

At the fund's detailed quotes page, tap Summary and find Dividends. You'll see the dividend payout frequency here.

3. Enrollment of the Dividend Payout

If you own shares of the fund on the record date, you're eligible for dividends. Please check the Detailed Quotes Page and see if it shows:

● Cash Dividend: On [date], a [amount] [currency] cash dividend is expected to arrive.

● Reinvestment: A reinvestment is expected on [date].

4. Payout Process

4.1 Record Date

When a fund issues dividends, the fund company confirms and records the shareholders eligible for the dividend. Any shareholder who owned shares on the record date will be enrolled in the dividend distribution.

4.2 Ex-Dividend Date

When a fund pays dividends, its NAV decreases by the dividend amount on the ex-dividend date. This may show as a negative daily return, but your actual holdings do not lose value as dividends are distributed.

● Cash Dividend: 

Estimated Dividend = Number of Shares Held on Record Date * Dividend per Share After the ex-dividend date, this appears as Assets in Transit under "Accounts > Universal Account > More > Account Details > Funds". Tap "..." next to Assets in Transit for details.

● Reinvestment: 

Estimated Dividend = Number of Shares Held on Record Date * Dividend per Share / NAV on Payment Day

4.3 Payment Date

The dividend amount is typically credited to your account one to two weeks after the ex-dividend date. Please note that these dates are estimates. Time received is subject to the processing of fund companies and banks.