Why is my dividend accrual information incorrect?

If you are a shareholder of record as of the close of business on a dividend Record Date (see here), you are entitled to receive the dividend on its Payment Date. While the actual dividend amount is not assured until the payment has been made by the issuer on the Payment Date, information deemed reliable is available such that IB will accrue the value of the dividend, net of any withholding taxes, on the Ex-Date. This information can be confirmed via the Daily Activity Statement posted to Account Management. The details of the accrual will be reflected in the statement section titled "Change in Dividend Accruals" and the net amount in a line item titled "Dividend Accruals" under the "Net Asset Value" section. If you wish to see information regarding dividends that you held through the Ex Date but which have not yet been paid out, choose "Legacy Full" from the Statements drop down when launching your statement. This will include an additional section called "Open Dividend Accruals" which will give you information on any pending dividends…

Foreign stocks listed for trading in Japan which issue dividends will have the cash dividend allocation subject to an increased withholding tax rate. The tax will vary based on the domicile of the stock issuing the dividend; however in general the withholding rate will be the highest withholding rate applicable and will not incorporate a reduction based on prevailing tax treaties…

As of January 1, 2023, IBKR is required to withhold 10% of the gross proceeds from the sale of MLPs by non-US clients. A client can review the withholding tax on their Activity Statement under the Transaction Fees section.

Additional Information…

You can review information relating to Irish WHT in the ‘Withholding Tax’ section of your monthly account activity statement.

You can also view this information in your daily statement on the 3^rd business day of the month (when credit interest is paid)…