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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).

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-8BEN form, which we arrange when you join Stake. You can read more about W-8BEN 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.

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Stakeshop Pty Ltd is registered as an overseas company in New Zealand (NZBN: 9429047452152), and is registered as a Financial Service Provider under the Financial Service Providers (Registration and Dispute Resolution) Act 2008 (No. FSP774414). We hold a full licence issued by the Financial Markets Authority to provide a financial advice service under the Financial Markets Conduct Act 2013. However, the content on this website has not been prepared to take into account any of your individual objectives, financial situation or needs. To the extent you require further information about the relevant New Zealand legislation that may apply, or require specific advice, please contact your legal and/or financial adviser (as appropriate). 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, 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 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 Terms & Conditions, Privacy Policy, Financial Advice Disclosure and Disclaimers before deciding to use or invest on Stake. By using the Stake 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 is a registered trademark under class 36 (New Zealand).

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