Does IBKR Australia support dividend reinvestment for ASX stocks?

Generally IBKR will allocate dividends to clients using the default allocation method provided by the company, usually as cash payment.

In the event IBKR is able to open a window for customers to submit an election, we will notify you directly. Once the window is opened, customers may access the…

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)…

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?…