When you own shares in a company that pays out dividends, we’ll award the dividend to your account when the company has made it available to us.
The way this works is as follows: a company that pays out dividend determines a date before the actual payment date called the ex-dividend date. If you own shares in the company at that time, you’ll receive dividend. When you acquire your shares on or after the ex-dividend date, you won’t be eligible this time around.
Afterwards the company has to make the cash available. When they make the cash available we talk about the payment date. As soon as BUX has received the money (which can be on the payment date but also a bit later) we’ll make it available to your account. When the money comes into your account the withholding tax is already deducted.
In some very rare instances, companies make use of a stock dividend where you would be awarded stocks instead of cash. In these cases we’ll sell the stocks in the back and award the proceeds onto your account like with a normal dividend payout.