Robinhood DRIP (Dividend Reinvestment) in 2024
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Robinhood Dividend Reinvestment
Any dividend-paying stock or ETF that supports fractional shares is
eligible for Dividend Reinvestment at Robinhood.
Enable Robinhood DRIP
To enable Dividend Reinvestment on the Robinhood website, go to Account > Investing > Settings > Investing > Dividend Reinvestment.
After enabling Dividend Reinvestment, you'll see a list of investments you own or have owned with pending dividends eligible for reinvestment. These investments will automatically reinvest dividends, but you can choose which ones to reinvest by selecting the circle or checkmark next to each.
How do I see my pending and past dividend reinvestments?
To view your pending and past dividends and reinvestments:
Tap Account (person icon)
Tap History
You’ll see your full transaction history, including all dividend reinvestments.
To check the pending and past dividends for a specific stock, visit the stock’s detail page. Under "Upcoming Activity," you’ll see pending dividends and reinvestments, while past payments and reinvestments are listed under "Your History."
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Dividends at Robinhood
Robinhood automatically processes dividends. Cash dividends will be added to your account balance by default, but they won’t be reinvested unless you enable the Dividend Reinvestment feature.
How Does Robinhood Work?
Robinhood Financial is a mobile app available for both iPhone and Android, allowing users to trade directly on major stock exchanges and markets from their smartphones. The app offers commission-free trading, with no hidden fees or required subscriptions.
Setting up an account with Robinhood is quick and straightforward. After downloading the app, users need to connect their bank account for funding, which may take some time, just like other financial apps. Additional personal information and tax disclosures are also required, following standard procedures for brokerage accounts.
Once the account is ready, users can start trading right away without paying any fees or commissions.
Robinhood also offers margin trading through its premium service, Robinhood Gold, which increases buying power by allowing users to borrow funds.
The app is designed with a simple and easy-to-use interface. Upon opening the app, users see key performance metrics for their investments, real-time stock prices, and short news updates. Selecting a specific stock or ETF brings up detailed charts showing the asset’s performance over different periods, as well as the user’s personal returns and relevant news related to that security.
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Free stock up to $200 and 1% IRA match when you open an account.
Open Robinhood Account
Updated on 10/16/2024.