Frequently Asked Questions
FrequentlyAsked Questions
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Dividends are an important part of stock investing. Here’s how they are handled on Daba:
- Eligibility: If you hold shares of a company on the dividend record date, you are eligible to receive the dividend.
- Payment Process: Once the company pays out the dividend, the following process takes place:
a) Daba’s partner broker receives the funds.
b) Daba processes and verifies the payments.
c) Dividends are credited to your Daba account. - Timelines: It’s important to note that there may be a delay between the dividend payment date announced by the company and when you actually receive the dividends in your Daba account. This delay can range from a few days to several weeks, depending on various factors.
- Factors influencing delays:
- Time required for the broker to receive and process the funds.
- Daba’s verification and distribution processes.
- Weekends, holidays, or other potential interruptions.
- Visibility: Once credited, dividends will appear in your transaction history and increase your portfolio balance.
- Reinvestment: Daba currently does not offer an automatic dividend reinvestment program. You can choose to manually reinvest these funds if you wish.
- Taxes: Please note that dividends may be subject to tax. Consult a tax advisor to understand your specific tax obligations.
We recommend managing your expectations regarding dividend payment timelines. While we strive to process payments as quickly as possible, it’s best to allow for some time between the announced payment date and actual receipt in your Daba account.
If you have questions about a specific dividend payment, please don’t hesitate to contact our customer service.