Dividends
A dividend is the distribution of a company's earnings to a class of its shareholders, as determined by the company's board of directors.
When you hold (full or partial) stocks of a company, you may receive dividends so long as you own the stock before the ex-dividend date – the cut-off date for an investor to own the stock in order to receive the upcoming scheduled dividend. Any stocks bought on or after this date will not be eligible for the upcoming dividend.
Dividends may be paid out as cash or in the form of stocks.
Revolut automatically allocates and processes dividends into your account. Non-US users usually pay a withholding tax rate of up to 30% on dividends paid out by US companies, depending on the tax treaty of your corresponding country. You can see your cash dividend details, including any withholding tax, in your Investment transactions as 'Dividend'. We will notify you when dividends have landed in your account. If you received a stock dividend, your investment portfolio holding will be automatically updated with your new shares.