When you make your first trade of a particular stock on Pearler, the details of the Pearler AUD Cash account we created for you are sent to the share registry to receive any dividend payments, You can confirm these account details here.

Automating the Dividends on your Pearler account, lets you withdraw them into the Linked Bank account or transfer them towards an existing Autoinvestment that allows the users to have more choice in how their dividends are re-invested

To Set up Dividend Automation, Head to Automate and click on 'Add an Automation'

Next, choose the Dividends option

Next, choose the option for the Cash dividends received in your Pearler account

Withdraw the cash- with this option, once a dividend is received in your Pearler AUD cash, a withdrawal is then initiated into the nominated linked bank account you have on your Pearler account. No fees involved.

Contribute to an automation - with this option, once a dividend is received in your Pearler AUD cash, it is then automatically transferred to an existing Direct Investing Automation. This way, the dividends you receive can be added to your existing cash contributions towards your next Autoinvest. Brokerage fee may apply.

A combination of both - with this option, you can set a percentage combination of how much of the dividends you want to withdraw vs. Autoinvest.

If no dividend Automation has been set up, any payments received will remain in your AUD Cash account.

A dividend reinvestment plan, also known as DRP, can only be set via the share registry of the ETF or share. Re-investing on pearler is not the same as DRP, to learn more please click here.