Dividends are payments made by a company to its shareholders as a distribution of profits. These payments can be in cash, additional shares, or other assets. Dividend information includes several important indicators that investors should understand to know when and how much they will receive.
Dividends of a stock
Amount: The amount of money that will be paid per share as a dividend. In this case, the shareholder will receive $0.75 for each share they own.
Declaration date: The date when the company announces that it will pay dividends.
Type: Indicates the type of dividend to be paid. CD (Cash Dividend) means the dividend will be paid in cash.
Ex-div date: The date from which shares traded are no longer entitled to receive the declared dividend. In this case, you need to buy the share before May 15, 2024, to receive the $0.75 dividend.
Frequency: Indicates the frequency in months at which the company pays dividends during the year.
Pay date: The date when the company pays the dividend to registered shareholders
Record date: The date when the company identifies the shareholders who will receive the dividend. In this case, all people who own shares of the company on May 16, 2024, are registered shareholders and will receive the dividend.
If you hold the share before May 15, 2024, you will be registered on May 16 and receive $0.75 per share on June 13, 2024.
What do the dividend terms in my history mean?
DIVADJ: The amount paid by the dividends of the company you have an investment in, in this case, Vanguard S&P 500 ETF.
DIVPAY: The taxes charged on the dividends paid by the company you have an investment in.
REI: The amount reinvested in your investment from the dividends received through the DRIP program.
JRL: Additional charges for "service fees" of some ADRs (American Depositary Receipts), shares of foreign companies that trade in the U.S. These fees range from $0.01 to $0.03 per share and are intended to cover the costs of the entity that holds and manages your shares.
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