MANAGE STOCK DIVIDEND ELECTION Dividend election is an option where you can elect how you wish to receive your dividends for stocks and mutual funds. You can turn automatic dividend election on or off at the account level only; that is, you cannot choose which dividends to reinvest. Dividend election is disabled by default for stocks; however it is automatically enabled for mutual funds…

We offer a dividend reinvestment program whereby account holders may elect to reinvest qualifying cash dividends to purchase shares in the issuing company. Outlined below are a series of FAQs which describe the program and its operation.

How can I participate in the program?…

In general, accounts enrolled in the DRIP will have dividends reinvested. Should the funds held in the account be insufficient to purchase a full share of stock, no reinvestment will take place unless the account has enabled fractional share permissions then a fractional share will be purchased. If the purchase of securities would put the account into a margin deficiency, no reinvestment will take place. In addition, if the account's margin cushion is currently below 5% then a dividend reinvestment will not occur until the margin cushion exceeds 5%. Please note that dividend reinvestment orders are credit-checked at the time of entry—should an account go into margin deficiency at any time after that, including as a result of the end-of-day SMA check and the end of Soft Edge Margin, the account will become subject to automated liquidation…

The Dividend Reinvestment Program (DRIP) at Interactive Brokers is a service that allows investors to automatically reinvest cash dividends from eligible stocks back into additional shares of the same stock. This program is available for both U.S. and non-U.S. investors, making it particularly beneficial for international investors looking to take advantage of compounding returns…

At this time, only US and Canada listed common and preferred stocks and ETFs paying cash dividends are eligible for reinvestment.

Please Note…

If you are enrolled in the Dividend Reinvestment Program (DRIP) and are a shareholder as of the Record Date for an eligible stock, the reinvestment will generally take place on the business day following that on which the issuer paid the dividend. DRIP purchases are recorded in the Trade section of your Activity Statement and will be accompanied by a Code of R (Dividend Reinvestment)…

In most cases, IBKR will purchase new shares for the account the morning after the cash dividend has been paid to the account.

Please Note…

Dividend Reinvestment is available to IB LLC, IB AU, IB CAN, IB HK, IB IE, IB JP, IB SG and IB UK clients only.

For the most up to date information on IBKR's DRIP program, please click here.…

Customary commissions are applied for the purchase of new shares. Please see our website for commission details.

Additional information on the program may be found in the …

Yes, clients are able to elect which stocks are eligible for Dividend reinvestment (DRIP). To make your election:

1. Log in to Client Portal
2. Click on the User menu (head and shoulders icon in the top right corner) followed by…

No. IBKR does not offer the ability to participate directly in a company's dividend reinvestment program.

IBKR does offer a separate DRIP plan which provides for the reinvestment of cash dividends for eligible stocks. See: How do I manage my Stock Dividend Reinvestment Program (DRIP) election?…

You can find an Overview of IBKR's Dividend Reinvestment Program (DRIP) in the IBKR Knowledge Base…

IBKR Australia supports dividend reinvestment for ASX stocks, where available by the issuer. You will generally be notified via the Client Portal if you are eligible to submit an election via the Corporate  Action Election tool.  If you don't elect dividend reinvestment for a particular dividend (if offered), the default dividend payment method, which in most cases will be cash will apply…