In this article:
Overview
We've made it easier to track and understand the dividends you earn on your investments. When you look at the detail page for any dividend-paying stock or ETF, you'll now see a dedicated Dividends section that clearly shows:
- Payment details like the ex-dividend date and expected payment date.
- The frequency of payments.
- The security's 12-month yield, which tells you the average dividend yield over the past year.
This helps you understand when you'll receive your money and gives you the key information you need to make informed investing decisions.
How to view dividend details
You can see the new, clearer dividend information directly on the security's detail page by following the steps below:
- Log in to the Wealthsimple app
- Tap on your desired trading account
- Tap on an investment that pays dividends
- Scroll down to the new Dividends section
- Log in to your Wealthsimple profile
- Select your desired trading account
- Select an investment that pays dividends
- Scroll down to the new Dividends section
In this section, you'll see key information:
- Frequency: How often the dividend is typically paid, such as monthly or quarterly.
- 12-month yield: The average dividend yield over the past 12 months (also known as the 12-month trailing yield).
- Ex-dividend date: The date on which you must own the shares to qualify for the next payment. If a date hasn't been set by the company, you'll see Announcement pending.
- Expected payment date: The approximate date you can expect the dividend to arrive in your account.
Understand your dividend payout currency
Your dividend payout currency depends on your account type and the currency the stock trades in.
- If you hold the stock in a CAD account, dividends are always paid in CAD. If a dividend is declared in USD, it's converted to CAD. You can read more about foreign exchange fees and dividends.
- If you hold the stock in a USD account, dividends are paid in the currency the stock trades in: CAD for Canadian-listed stocks and USD for US-listed stocks.
You can't choose a different payout currency; it's set by your account type and where the stock trades.
Comments
0 comments
Article is closed for comments.