Dividends are most commonly distributed in cash, though they can also be issued as additional shares. Fractional shareholders receive a proportional share of the dividend based on their ownership stake.
Add Dividend
{
"id": "event_2a9a8f7e-117b-4253-9107-2bd52166da72",
"type": "transactions.created",
"timestamp": "2025-05-21T05:20:10.598746110Z",
"payload": {
"accountID": "f91172d9-fb51-4a44-835b-f3c38c1071ed.1669023853972",
"accountNo": "CNIR000134",
"userID": "f91172d9-fb51-4a44-835b-f3c38c1071ed",
"transaction": {
"accountAmount": 0.09,
"accountBalance": 0.36,
"comment": "PSEC dividend, $0.045/share",
"finTranID": "ME.3a4701a7-7ecb-43b5-8cdb-222cb9e159b0",
"wlpFinTranTypeID": "634b0d38-37c0-478a-b677-1513cb9fcf88",
"finTranTypeID": "DIV",
"feeSec": 0,
"feeTaf": 0,
"feeBase": 0,
"feeXtraShares": 0,
"feeExchange": 0,
"instrument": {
"id": "23c816e0-0402-40da-bc4e-23837db95932",
"symbol": "PSEC",
"name": "Prospect Capital Corporation"
},
"dividend": {
"type": "CASH",
"amountPerShare": 0.045,
"taxCode": "FULLY_TAXABLE"
}
}
}
}
Assess Tax Withholding (Non-US Taxpayer Only)
Non-U.S. taxpayers are subject to withholding tax in accordance with their respective tax treaty rates.
{
"id": "event_f3318ccb-f96e-4363-ae03-c262b0971c28",
"type": "transactions.created",
"timestamp": "2025-05-21T05:19:57.820883521Z",
"payload": {
"accountID": "f91172d9-fb51-4a44-835b-f3c38c1071ed.1669023853972",
"accountNo": "CNIR000134",
"userID": "f91172d9-fb51-4a44-835b-f3c38c1071ed",
"transaction": {
"accountAmount": -0.03,
"accountBalance": 0.27,
"comment": "PSEC tax, 30% withheld",
"finTranID": "ME.de9a9b71-4a67-4184-8c8c-044497d2088f",
"wlpFinTranTypeID": "8b0a30a1-a41e-4d7a-aca5-5d8b8c1766d4",
"finTranTypeID": "DIVTAX",
"feeSec": 0,
"feeTaf": 0,
"feeBase": 0,
"feeXtraShares": 0,
"feeExchange": 0,
"instrument": {
"id": "23c816e0-0402-40da-bc4e-23837db95932",
"symbol": "PSEC",
"name": "Prospect Capital Corporation"
},
"dividendTax": {
"type": "NON_RESIDENT_ALIEN",
"rate": 0.3
}
}
}
}
Stock Dividend
Stock dividends are processed as buy orders that increase the quantity of a position.
{
"id": "event_1cee6b59-5016-497d-8f9c-4f5b7de14a72",
"type": "orders.completed",
"timestamp": "2025-05-20T05:21:41.719752784Z",
"payload": {
"id": "ME.d3a190e5-ea79-442b-bcd6-a1b46bf658a3",
"orderNo": "MIIA093647",
"type": "MARKET",
"side": "BUY",
"status": "FILLED",
"symbol": "SCCO",
"averagePrice": 0,
"averagePriceRaw": 0,
"totalOrderAmount": 0,
"cumulativeQuantity": 0.00093752,
"quantity": 0.00093752,
"fees": 0,
"orderNotes": "INTE STOCK movement / adjustment tradeSidenull accno=CINH012212 qty1=9.3752E-4 price=0.0 grossAmt=0.0 INTE#=3535056429.000000 symbol=SCCO INTEStatus=R descr=DIV:SCCO(0.0099/sh):TAXCD:R ACATSind=",
"createdBy": "32003732-5197-4543-ba0d-bb13eb83a335",
"userID": "31103732-5397-4543-ba0d-bb13eb83a335",
"accountID": "31103732-5397-4543-ba0d-bb13eb83a335.1611068881915",
"accountNo": "CINH012212",
"created": "2025-05-20T05:21:41.587Z",
"lastExecuted": "2025-05-20T05:21:41.587Z",
"extendedHours": false,
"preventQueuing": false,
"lastPrice": 0,
"lastShares": 0.00093752,
"lastMarket": "mpid"
}
}