Trending articles on Wall St


How do I receive dividends?

Dividends are paid directly into your brokerage account approximately 2-3 trading days after the payment date. You will be eligible for a dividend if you own a share through its ex-dividend date.

The amount of the dividend will be proportional to your holding. This includes fractional shares.  For example, if a company pays a dividend of $10 and you hold 1.34 shares, your dividend will be $13.40 (less any applicable withholding).

Start earning dividends today when you trade U.S. shares with Stake.

Withholding tax

In the US, there is a 30% withholding tax on dividend payments, but this is reduced to 15% with the completion of your W-8 form, which we arrange when you join Stake. You can read more about W-8 forms here.

When your dividend is paid, you will also see the withholding tax reduction.

Please note that some companies (for example, foreign ones) that pay dividends may have different withholding amounts. You will see all the relevant information on your Activity page inside Stake.

Dividend Reinvestment Program (DRIPs)

At this time, Stake does not offer a dividend reinvestment program. As you can reinvest in fractional shares, you can reinvest the dividend that was paid into your account back into the underlying stock or ETF.

Did you find this helpful?


Stake logo
Stakeshop Pty Ltd, trading as Stake, ACN 610105505, is an authorised representative (Authorised Representative No. 1241398) of Sanlam Private Wealth Pty Ltd (Australian Financial Services Licence No. 337927) ('Sanlam') and an authorised representative (Authorised Representative No. 1241398) of Airwallex Pty Ltd (Australian Financial Services Licence No. 487221) ('Airwallex'). Stake is not authorised by Airwallex under Airwallex’s AFSL to arrange for clients to be issued with securities as Airwallex is not authorised under its AFSL for this purpose. Stake is not authorised by Sanlam under Sanlam’s AFSL to arrange for clients to be issued with a non-cash payment facility as Sanlam is not authorised under its AFSL for this purpose. Stake SMSF Pty Ltd (‘Stake Super’) is not licensed to provide financial product advice under the Corporations Act. This specifically applies to any financial products which are established if you instruct Stake Super to set up a self managed super fund (‘SMSF’). When you sign up to Stake Super, you are contracting with Stake SMSF Pty Ltd who will assist in the establishment of a SMSF under a ‘no advice model’. You will also be referred to Stakeshop Pty Ltd to enable your trading account and bank account to be set up in order to use the Stake Website and/or App. Stakeshop Pty Ltd will also run marketing and promotions to you under. For more information about SMSFs, see our SMSF Risks page.The information on our website or our mobile application is not intended to be an inducement, offer or solicitation to anyone in any jurisdiction in which Stake is not regulated or able to market its services. At Stake and Stake Super, we’re focused on giving you a better investing experience but we don’t take into account your personal objectives, circumstances or financial needs. Any advice given by Stake is of a general nature only. As investments carry risk, before making any investment decision, please consider if it’s right for you and seek appropriate taxation and legal advice. Please view our Financial Services GuideTerms & ConditionsPrivacy Policy and Disclaimers  before deciding to invest on or use Stake or Stake Super. By using our website or service in any way, you agree to our Privacy Policy and Terms & Conditions. All financial products involve risk and you should ensure you understand the risks involved as certain financial products may not be suitable to everyone. Past performance of any product described on this website is not a reliable indication of future performance. Stake and Stake Super are registered trademarks in Australia.

Copyright © 2022 Stake. All rights reserved.