What Is a Dividend? How Dividend Investing Works

Understand how companies share profits with shareholders through dividends.

10 min read · Updated 2025-01-21

Dividend

is a cash payment a company makes to shareholders from its profits, typically paid quarterly.

Not all stocks pay dividends. Growth companies reinvest profits; mature companies often pay dividends.

Quick answer

Dividend = cash from company to shareholders. Yield = Annual Dividend ÷ Price. Must own before ex-dividend date. Great for income investors.

What Is a Dividend?

A dividend is a cash payment companies make to shareholders from profits. Own 1,000 shares of a stock paying $2/year, receive $2,000 annually.

Key Dates

  • Ex-Dividend Date: Must own BEFORE this to receive dividend
  • Payment Date: Money hits your account

Dividend Yield

Yield = Annual Dividend ÷ Stock Price. A $100 stock paying $3/year = 3% yield.

Key Takeaways

  • Dividends = cash payments to shareholders
  • Yield = Dividend ÷ Price
  • Options traders: watch ex-dividend dates for assignment risk

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