As a stockholder, you are entitled to dividends declared by the companies you hold a position in. Fractional shares pay proportionate dividends i.e., fractional shares positions are eligible to receive dividends in the same manner as your full positions on the same stocks. Dividends will be directly credited to your Syfe Trade account.
When will I receive my dividends?
Under normal circumstances, the dividend amount less any applicable withholding taxes will be credited to your account buying power within 1-2 working days after the corporate action payment date. Click here for more information regarding taxes and deductions applicable to your dividends.
Note: Foreign companies listed on the US exchanges (including American Depositary Receipts (ADRs)) and the Singapore exchange may be subjected to further taxation by the company's local government. Brokers will only disburse dividends once the relevant taxes and rate adjustments have been settled. This may result in receipt of dividends 2-4 working days after the declared dividend payment date.
Depending on individual circumstances, foreign taxes withheld might be applied as a credit against U.S. taxes, or tax reclamation opportunities may be offered.
How can I view the dividend payout record?
You will be able to review dividend payout details in the monthly statements and in your Syfe Trade app (Account > My funds > Transfer history).