When you own shares in a company that pays out dividends, we’ll award the dividend to your account when the company has made it available to us.
The way this works is as follows: a company that pays out dividend determines a date before the actual payment date called the ex-dividend date. If you own shares in the company at that time, you’ll receive dividend. When you acquire your shares on or after the ex-dividend date, you won’t be eligible this time around.
Afterwards the company has to make the cash available. When they make the cash available we talk about the payment date. As soon as BUX has received the money (which can be on the payment date but also a bit later) we’ll make it available to your account. When the money comes into your account the withholding tax is already deducted.
What if I prefer to receive dividends in shares instead of cash?
Some companies let you choose between receiving their dividends in cash or shares. In the settings menu in the app you will see a 'Dividend' option where you can toggle your preference. Remember this is only applicable to the companies offering the option, and we can only facilitate the payment in stock for EU securities.