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.
Cash 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"
}
}
}
}Non-US taxpayers are subject to a 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
A stock dividend increases the number of shares held by a user, which in turn affects the average price per share.
{
"id": "event_63a24b01-cb46-40d1-9518-ab5b8da2d454",
"type": "positions.updated",
"timestamp": "2025-09-04T15:50:23.331041186Z",
"payload": {
"accountID": "5b7a08ca-b6bb-4d7b-b0b3-621f066a5f65.1690295001335",
"accountNo": "SDTZ000005",
"userID": "5b7a08ca-b6bb-4d7b-b0b3-621f066a5f65",
"updateReason": "STOCK_DIV",
"previous": {
"costBasis": 440,
"openQty": 16,
"symbol": "TMQ",
"avgPrice": 27.5
},
"current": {
"costBasis": 440,
"openQty": 16.6,
"symbol": "TMQ",
"avgPrice": 26.51
}
}
}{
"id": "event_e4d0ebc7-38e1-40ac-9325-3a4fabcea342",
"type": "transactions.created",
"timestamp": "2025-09-04T15:50:23.335000919Z",
"payload": {
"accountID": "5b7a08ca-b6bb-4d7b-b0b3-621f066a5f65.1690295001335",
"accountNo": "SDTZ000005",
"userID": "5b7a08ca-b6bb-4d7b-b0b3-621f066a5f65",
"transaction": {
"accountAmount": 0,
"accountBalance": 940,
"comment": "TMQ stock dividend, 0.60000000 shares",
"finTranID": "MI.c5e0c55b-7e3d-43e0-a104-71a8a2af59e4",
"wlpFinTranTypeID": "e19192ce-268f-48cb-9427-0e90d57b918d",
"finTranTypeID": "DIV",
"feeSec": 0,
"feeTaf": 0,
"feeBase": 0,
"feeXtraShares": 0,
"feeExchange": 0,
"instrument": {
"id": "844aefde-ad09-4f36-a294-bf3fc1fd0e37",
"symbol": "TMQ",
"name": "Trilogy Metals Inc"
},
"dividend": {
"type": "STOCK",
"amountPerShare": 0.10000000,
"totalQty": 0.60000000,
"taxCode": "NON_TAXABLE"
}
}
}
}