How To Set Up Dividend Reinvestment Robinhood

Dividend Reinvestment (DRIP)

You tin automatically reinvest cash dividend payments back into the underlying stock or ETF with dividend reinvestment—besides known equally Drip.

How do I get started?

How do I get started?

On mobile:

1. Become to the Account tab (person icon)
2. Tap Investing
3. Roll to Dividend Reinvestment department
4. Tap Enable Dividend Reinvestment
5. Toggle the switch on
6. If prompted, complete the onboarding process

Once you enable dividend reinvestment, you'll meet a list of your investments that are eligible for dividend reinvestment. You tin choose which of these investments you'd like to reinvest greenbacks dividends for past tapping the circumvolve or checkmark.

On spider web:

1. Click on Business relationship in the navigation bar at the top
2. Click Settings
3. Click on Dividend Reinvestment
4. Toggle the switch on
5. If prompted, consummate the onboarding process

Which investments are eligible for dividend reinvestment?

Which investments are eligible for dividend reinvestment?

Whatever dividend-paying stock or ETF that supports fractional shares is eligible for dividend reinvestment.

When will my dividend exist reinvested?

When will my dividend be reinvested?

Considering of regulatory rules, there's typically a waiting period of at least 10 days between when a company announces a dividend (the declaration appointment") and when this dividend is really paid out to shareholders (the "pay date"). Dividends will so be reinvested starting at marketplace open (9:30 AM ET) on the trading day after the dividend pay appointment. Because it typically takes some fourth dimension to procedure the reinvestment orders, your dividend may not be reinvested correct at market open, only you'll receive a notification letting you know when it is.

Delight note that the cutoff to enable or disable dividend reinvestment is 12:00 AM ET on the day the dividend is scheduled to exist paid. For case: if you lot are receiving a dividend on Feb. 5th and yous want it reinvested, y'all need to enable dividend reinvestment by 12:00 AM ET on February. fifth. If you miss this cutoff time, the funds will be paid to you as greenbacks instead of automatically reinvested.

How do I see my pending and past dividend reinvestments?

How do I run across my pending and past dividend reinvestments?

To see all your pending and past dividends and dividend reinvestments:

On mobile:

1. Go to the Account tab (person icon)
2. Tap Statements & History

On web:

1. Click on Account in the navigation bar at the top
2. Click History

You'll see a list of all of your history on Robinhood, including your dividend reinvestments.

To meet your pending dividends and dividend reinvestments for an individual stock, go to the individual stock detail page. Yous'll see awaiting dividends and pending dividend reinvestments under Upcoming Activity.

Why was my dividend not reinvested?

Why was my dividend not reinvested?

Your dividend may non have been reinvested for a variety of reasons. Here are some mutual cases:

• The equity is no longer eligible for dividend reinvestment
• The dividend was voided or reversed
• The market is closed, then the dividend should be reinvested on the next trading 24-hour interval

Disclosures

Disclosures

All investments involve risk and loss of chief is possible. Investors should consider their investment objectives and risks carefully before investing.

Partial shares are illiquid outside of Robinhood and not transferable. Non all securities on Robinhood are eligible for fractional shares orders. For a complete caption of conditions, restrictions and limitations associated with fractional shares, run across our Customer Understanding related to partial shares.

This is not investment advice, a recommendation, an offer to sell, or a solicitation of an offer to buy any security.

Securities trading offered through Robinhood Financial LLC, a registered broker-dealer and Member SIPC, and a subsidiary of Robinhood Markets, Inc. ("Robinhood").

Reference No. 1529238

Source: https://robinhood.com/us/en/support/articles/dividend-reinvestment/

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