Dividends and splits

What happens on a dividend

Ondo Global Markets holds the shares behind every token and receives the dividend. For a US company 30% of it is withheld, the rate for Ondo's issuer, a company in the British Virgin Islands; the rate is the issuer's, not yours. Ondo buys more of the stock with the 70% left, at the close before the ex-dividend date, and from that evening each token stands for that much more stock.

Your token count never changes; each token is worth more. A token's price is the share's price times the shares it stands for. On the ex-dividend date the share opens lower by the dividend and the token barely moves, because the shares behind it rose the evening before. Coca-Cola's token has taken five dividends since July 2025 and stood for 1.0239 shares on 18 October 2026; across sixteen dividends of Coca-Cola, Apple, Johnson & Johnson and Exxon Mobil, Ondo kept between 69.7% and 70.7% of each.

Splits, spin-offs and stock dividends

A split changes the shares behind each token, not the number of tokens: Netflix's token has stood for ten shares since its ten for one split on 17 November 2025, and ServiceNow's for five since 18 December 2025. The token's price does not move with a split. A reverse split works the other way.

A spin-off and a stock dividend are added the same way. S&P Global's spin-off of 1 July 2026 was reinvested whole, 5.2% more shares per token, and Southern Copper's stock dividends added 1.1% in May and 1.2% in August 2026.

Companies abroad and funds

For a company outside the US, its own country's rate applies instead: Ondo's example is Spotify, where Luxembourg withholds 15%. A US bond fund is withheld at 30% too, but part of what it pays can be exempt, interest on US Treasuries among it. Follow measures what Ondo kept of each stock's past dividends from Ondo's own record and counts that; where there is nothing to measure yet, it counts 70%.

Trading around a dividend

Ondo pauses a name from 19:50 to 20:10 New York time the evening before it goes ex-dividend, and halts a fund until the amount of its payout is known, which can take up to a day. While Ondo is not quoting a name you hold, it stays as it is and trades again once it is quoted; the rest of the portfolio buys and sells meanwhile. A sale returns its cash once every name in it has sold. The everyday pauses are on trading hours.

What you see on Follow

Holdings reads in shares of the stock, the tokens times the shares each stands for, at a share's price, so a holding reads as it does on the stock's own page. Activity shows the shares a trade bought or sold. The export under Holdings carries the tokens and the shares per token beside the shares.

Your value and profit come from the token's price, so every dividend Ondo has reinvested is in them already. No dividend row appears in Activity, because no cash arrives.

The charts

Every portfolio's chart counts dividends the way a token does: reinvested at the close before the ex-dividend date, after Ondo's withholding, with a split as more shares. The line is what holding the portfolio through Ondo's tokens would have done, before coverage, the prices your account traded at and costs. A fund's own reported return counts every dividend whole, so for the same holdings it reads higher, by about 0.3 times the dividend yield a year: for the S&P 500 (SPY) from 21 October 2013 to 16 October 2026, 445% with every dividend whole against 410% as a token takes them, about 0.6% a year. How the record behind each chart is built is on where portfolios come from.