Dividends are paid directly to your account with us if you are eligible to receive them.
To qualify for a company's dividend payment, you need to have purchased the shares before the ex-dividend date and hold them at the beginning of the ex-date, but not necessarily until its end.
For example, Puma has an ex-date on 01.08.2022. To be eligible for a dividend, you need to have purchased the shares on or before 31.07.2022 & hold it until 01.08.2022 00:01 GMT+3. After that, the shares can be sold and you would still receive the dividend in your account.
You will not qualify for the dividend if you buy shares on the ex-dividend date or later or if you sell your shares on the day before the ex-dividend date.
If you hold fractional shares, the dividend will be distributed to your account based on the fraction of owned shares rounded to the nearest penny.
You must have opened a position with the company's instrument before the ex-dividend date and held it at its beginning. It isn't necessary to hold the position until the end of that date.
Depending on the direction of your position (long or short), the dividend will be either paid or deducted from your account.
→ When are dividends paid?
If you want to learn more about dividend investing, make sure to check this video.👇