As a shareholder, you’ll receive dividends that are prorated based on the number of shares you own. For example, if you own half a share of stock and the company announces a cash dividend of $4, you’ll receive $2 of cash in your Stockpile account. Some companies pay dividends, while others do not. Those that do usually pay dividends quarterly (every three months), but may adopt a different schedule or declare a dividend at any time.
We keep track of the information you’ll need for your taxes. Every January, we’ll prepare the form (called a 1099) and post it to your account so you can access it online anytime. It will include information about the stocks you sold and cash dividends you received during the previous calendar year. Please note that we don’t offer tax advice.
You’ll also receive voting rights for any stock where you own at least one whole share.