Access your dividend now

Don't wait for your dividend. Get it early with Divvy Now.

What is Divvy Now?

Divvy Now is changing the way shareholders access their dividends. Waiting weeks or months for a dividend payment can be inconvenient and stressful, especially when you need the cash. Divvy Now enables shareholders to receive their dividend entitlement within 24 hours of its announcement*. This means shareholders can receive their dividends much faster than if they waited for the payment date. Divvy Now is currently available on ASX-listed stocks, as well as ETFs, LICs, and hybrids**.

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"Divvy Now was just what I was looking for. I had some bills due at the end of the month and didn't want to sell my shares. I requested an advanced dividend payment and received the money within a few hours. The process was simple and secure and exactly what I needed."

Gerard, NSW

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How it works

Create an account

Complete the form below and we'll be in touch to set-up your account.

Request advanced dividend payment

Between the day your dividend is declared and the ex date, you can apply for your advanced dividend payment. For a one-off fixed fee of 5%, we will advance your dividend within 24 hours of receiving your application*.

Approval and payment

Once your application has been approved, your advanced dividend will be paid into the bank account linked to your share trading account.

Quick and easy to apply

Simply fill out the form below

Get Started

Fill out the form below and we'll be in touch.

Who can use Divvy Now?

Any Australian shareholder who is an individual over 18, a company or trust. Self-Managed Super Funds however are excluded.
What stocks can I elect to receive my Divvy Now on?

Most ASX listed stocks, Exchange Traded Funds (ETFs), Listed Investment Companies (LICs) and Hybrid Securities. We intend to expand our offering to international shares in the future. If you're unsure just reach out!
Is Divvy Now available on international shares?

Not at this point, however that's something we're working on.
How much does Divvy Now cost?

Divvy Now charges a one-off service charge of 5% of the advanced dividend amount. For example, if you request an advance of $200, our charge is only $10.00. Note that this is charged for each time that the advanced dividend is requested.
What happens to my shares during the Divvy Now process? Do I keep the franking credits?

Divvy Now holds your shares as security in our CHESS Sponsored trust account from the day you elect to receive your Advanced Dividend Payment, until the day after the record date^, at which time your shares will be transferred back to you. This process ensures that the Advanced Dividend Payment is repaid to Divvy Now, by receipt of your dividend entitlement on the payment date. Importantly, there is no change of beneficial ownership or capital gains tax considerations, meaning you should retain your rights to franking credits. Divvy Now will provide you with a tax statement, outlining any franking credit entitlement.^^
Is there a minimum dividend amount?

Yes, Divvy Now offers advanced dividends on any dividend greater than $200.
When can I sell my shares after receiving my Divvy Now?

You can sell your shares as soon as we release our security on the day after the record date (i.e. two days after the ex-dividend date). If you need to sell your shares earlier, please reach out via info@divvynow.com.au.
Can I receive my Divvy Now if my shares are issuer sponsored?

Yes, however you will need to open a brokerage account first and transfer your stock from issuer sponsored to the brokerage account. Please email info@divvynow.com.au for further information.
What if I am in a Dividend Reinvestment Plan (DRP)?

Your Advanced Dividend Payment will replace any DRP, however you can always elect to opt back into the DRP for future dividends by contacting the relevant registry.

Important information

Registering your interest via the above registration form does not mean that Divvy Now will provide an Advanced Dividend Payment. Provision of such payment is subject to DIvvy Now approving the application form.

* Timeline refers to business days. Advanced Dividend Payment will be made within 24 hours of receiving an application on any business day, in most circumstances. However, the timing may vary depending on your financial institution. The 5% fee is equal to 5% of your Advanced Dividend Payment.

**An ETF is an Exchange Traded Fund and LIC is a Listed Investment Company. Divvy Now will notify you at the time of application if we are unable to make an advanced dividend payment on your particular holding.

^ Some ASX-listed companies, such as BHP, announce their dividend in US dollars and do not announce the Australian Dollar Amount until after the record date. Due to the exchange rate risk, in the case of BHP (or similar situations), we will pay the dividend in two tranches. 50% upon request, and the remaining 50% once the Australian Dollar dividend is confirmed. This way we can make any necessary adjustments to ensure you receive your exact entitlement. As soon as the Australian Dollar dividend is confirmed, we will make the adjusted second payment and release our security over your shares.

^^ The information on this website is general in nature and does not take into account your objectives, financial situation or needs, and does not constitute an offer to buy or sell any financial products or services. Where necessary, you should consult a professional adviser to assist you in determining whether Divvy Now is suitable for you.