When companies share profits with shareholders, they pay dividends. Here's how dividends work on Aries.
How dividends work
If you own shares of a company that pays dividends, you'll receive a cash payment proportional to the number of shares you own. Dividends are typically paid quarterly, though some companies pay monthly or annually.
Important dividend dates
- Declaration date: When the company announces the dividend
- Ex-dividend date: You must own the stock before this date to receive the dividend
- Record date: The company checks its records to see who gets paid
- Payment date: When the dividend is deposited into your account
Receiving dividends on Aries
Dividends are automatically deposited into your Aries brokerage account as cash. You'll see the payment in your account history on the payment date.