Dividends on bStocks: how your balance grows by itself!
In short: you buy a bStock and dividends automatically increase your balance through a multiplier. Your balance grows on its own as long as the company pays dividends. That’s why this mechanism is often called one of the most convenient features of tokenized stocks on Binance.
How do dividends work? I’ll explain:
When a company pays a dividend, you don’t receive cash into your account. Instead, what happens is this:
An American tax is withheld from the amount (30%).
The net amount is automatically reinvested back into the same stock.
On the blockchain, the multiplier (Multiplier) kicks in.
As a result, your bStock balance increases proportionally. It happens automatically, without any action on your side, and usually even before the official dividend payment date. It works even for the smallest fractional shares.
Why is it convenient?
You don’t have to wait for the payout and manually buy the shares again.
It works 24/7, even when the stock market is closed.
You can keep the tokens on Binance or withdraw them to any compatible wallet (Trust Wallet, Binance Wallet, etc.).
Dividends are always reinvested rather than paid out in cash.
#bstockscis @BinanceCIS
In short: you buy a bStock and dividends automatically increase your balance through a multiplier. Your balance grows on its own as long as the company pays dividends. That’s why this mechanism is often called one of the most convenient features of tokenized stocks on Binance.
How do dividends work? I’ll explain:
When a company pays a dividend, you don’t receive cash into your account. Instead, what happens is this:
An American tax is withheld from the amount (30%).
The net amount is automatically reinvested back into the same stock.
On the blockchain, the multiplier (Multiplier) kicks in.
As a result, your bStock balance increases proportionally. It happens automatically, without any action on your side, and usually even before the official dividend payment date. It works even for the smallest fractional shares.
Why is it convenient?
You don’t have to wait for the payout and manually buy the shares again.
It works 24/7, even when the stock market is closed.
You can keep the tokens on Binance or withdraw them to any compatible wallet (Trust Wallet, Binance Wallet, etc.).
Dividends are always reinvested rather than paid out in cash.
#bstockscis @BinanceCIS