Dividends are a distribution of a company’s earnings to its shareholders.
In India, companies pay dividends twice a year – an interim dividend and a final dividend.
You can easily check your dividend received in Zerodha web as well as the kite app. Let’s discuss the step-by-step process.
How to Check Dividends Received in Zerodha
Checking your dividend information in Zerodha is a simple process. Here are the steps you need to follow:
Step 1: Log in to your account on the Zerodha Console.
Step 2: Go to the ‘Portfolio’ menu and click on ‘Holdings’.
Step 3: Scroll down to the stock or mutual fund you want to check the dividend information for.
Step 4: Click on the ‘View Dividend’ under the three-dot menu next to the stock or mutual fund.
You will see the details of the dividend, including the date, quantity, dividend per share, and amount. You can also read our list of the best dividend-paying stocks in India to know which could be a good choice for you.
How to Check Dividend History in Zerodha
Checking your dividend history in Zerodha can help you keep track of your earnings over time. Here are the steps to follow:
Step 1: Log in to the Zerodha Console platform.
Step 2: Go to the ‘Reports’ menu and click on ‘Downloads’.
Step 3: Click on ‘Dividend statement’ under the statement menu.
Step 4: Select the date range you want to view the dividend history for.
Step 5: Click on the ‘Download’ button to download the dividend history report.
The dividend history report will show you the details of all the dividends you have received during the selected period. The statement includes the date of the dividend, the amount, the type of dividend, and the company or mutual fund that paid the dividend.
Tax Implications of Receiving Dividends in India
In India, dividends are taxed at the source. This means that the company or mutual fund paying the dividend deducts the tax before paying out the dividend. Usually, you have to pay 10% of this income as TDS (which is a kind of tax) if it’s more than Rs 5,000.
The tax rate for dividends is currently 10% for individual investors and 20% for non-individual investors. You can claim a tax credit for the tax deducted at source when you file your income tax return.
How to Reinvest Dividends in Zerodha
Your dividends are credited to your bank account directly. You have to deposit them in your Zerodha account to reinvest them in stocks or mutual funds.
The ex-date for dividends in Zerodha is the date on which the stock or mutual fund starts trading without the dividend.
If you buy the stock or mutual fund on or after the ex-date, you will not be eligible for the dividend.
Yes, you can sell your stock or mutual fund after the record date and still receive the dividend.
The dividend is paid to the shareholders who own the stock or mutual fund on the record date, regardless of whether they sell it before the ex-date.
The time it takes to receive the dividend in Zerodha depends on the company or mutual fund paying the dividend. Typically, it takes 2-3 business days for the dividend to be credited to your Zerodha account.