Can You Get Dividends from Your Webull Investments?

Ever wondered if Webull pays dividends? Let’s talk about that.

Webull is a dynamic online trading platform that has been around since 2017. It’s based in New York and boasts over 10 million users. What’s cool about it is, it lets you invest in a ton of stocks, ETFs, and options from across the globe. Plus, it doesn’t cost a cent to access real-time data from over a hundred leading exchanges.

Are you a seasoned investor or a day trader? If so, Webull has some neat features like investing in cryptocurrencies and a practice trading space. What’s more, it’s one of those rare broker-dealers that don’t charge any commissions. All it takes to sign up is a US address and tax ID.

Now onto dividends. After you buy shares with Webull, you own them entirely, which means you can move your stocks to another brokerage whenever you want. There’s no charge to bring in stocks, but outgoing transfers will set you back about $75 per stock.

Keeping tabs on your dividends is a breeze. Just log into the app, go to the “Accounts” tab, click on “History” in the banking window, and then filter by “Dividend payment date” or “Dividends records.” Remember that you’ve got to get the shares before the ex-dividend date to receive dividends. One downside is that Webull doesn’t have an automatic reinvesting feature, so you’ll need to manually reinvest your dividends.

Still unsure if Webull’s safe? Rest easy! With registrations from both the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA), as well as being part of the Securities Investor Protection Corporation (SIPC), your investments are insured up to $500,000, including $250,000 for cash claims.

What’s the word on the street for Webull? Overall, it’s got solid reviews on Android and iOS. Some appreciate the copious, free research and trading tools, and others love the early market access. A few critiques note an overload of features and a slightly intimidating interface. Remember, any free stocks you get as a Webull welcome bonus count as taxable miscellany.

Want more info? Visit the Webull website. Od you can just go ahead and sign up. Either way, happy trading!