Companies may choose to distribute a portion of its profits to shareholders. This distribution is called dividends.
Since it’s a decision from the company, dividends are not guaranteed and you may not receive it during the time you own stocks from a specific company. In case the company does distribute dividends, we will process your dividends automatically.
You can choose to have your dividends automatically reinvested by turning this option on under "Account" -> "Settings".
If this option is turned on, the dividends you receive will be automatically reinvested in the company that paid them*. If that option is turned off, dividends will be credited as buying power to your Passfolio stock account and not automatically reinvested in the stock.
You can view your received dividends in your mobile app, in the History section of your Account menu.
Please see the disclosures for our Dividend Reinvestment Plan here.