At HeyTrade, we make sure you're well-informed about how dividends are processed. Here's a breakdown of ordinary, flexible, and optional dividends:
Ordinary dividends 💰
When the stocks in your portfolio pay ordinary dividends, we credit them directly to your HeyTrade account. It's as straightforward as that!
It's important to note that for international dividends, the payment date to your account might not perfectly match the company's announced payment date. Sometimes, it could take a few days, or even up to a week, from the stated payment date for the money to appear in your account. This is simply due to the time needed for us to receive the funds and apply them to your account.
But don't worry, we'll always keep you in the loop! 🔔 Once we've credited the amount, we'll send you a payment confirmation with all the transaction details.
Flexible and Optional dividends ✨
These types of dividends offer you more choices, and we ensure you have all the necessary information to make the best decision for your portfolio:
Flexible dividends: If a flexible dividend affects your portfolio, we'll send you an email from support@heytrade.com with all the details. In that email, you'll find the information needed to let us know if you prefer to receive the dividend in cash 💵 or in shares 📊.
Optional dividends: Typically, these dividends will be paid in cash 💵. So, if you prefer to receive the dividend in shares, you can reinvest the credited amount yourself by purchasing new shares.
However, if our custodian gives us the option to credit them in shares, we will always pass this alternative on to you so you can choose what suits you best.
We hope this information has been helpful. If you have any questions, feel free to write to us via our chat 💬or send an email to support@heytrade.com. We'll be happy to help! 😊