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Activities in the US market are conducted through Thndr Financial Ltd (“Thndr”) is registered under the laws of the Abu Dhabi Global Market (“ADGM”) with the Registered Number 13534.
When you buy shares in a company, you become one of its shareholders. Some companies choose to share portions of their profit with shareholders, this is called a dividend.
A dividend can be distributed as cash or shares.
Dividend Terms to Know
Announcement Date:
The company confirms it will distribute a dividend and announces all related dates.
Ex-Dividend Date:
- This is the last date to qualify for dividends.
- To receive the dividend, you must buy the stock before this date.
- If you buy on or after the ex-dividend date, you won’t receive the dividend.
Record Date:
- On this date, the company checks its shareholder records.
- Only investors with stocks that have already settled by this date (from buying before the ex-dividend date) are marked as eligible.
Payment Date:
- This is when the company actually sends out the dividend.
- Once it is received, the funds/shares are added to your Thndr wallet.
Types of Dividends
Cash Dividends
- Cash dividends will typically be added to your Thndr wallet within 5 business days of payment date.
- This happens after the official payment date. In some cases, the credit may appear a few days later depending on settlement.
- Dividends are added after any tax deductions.
- A 30% withholding tax is applied.
- Canadian dividends may take an additional 2–3 business days to be processed.
Stock Dividends
- Stock dividends are automatically added to your Thndr account once processed by our US broker-partner.
- Any fractional value is rounded to the nearest cent when applied.
- You will see the additional shares reflected in your portfolio when the process is completed within 5 business days of the payment date.
