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06.27.2024

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FAQs

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Stocks and ETFs

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1 Min Read

What types of dividends does QUODD support in its equity APIs?

What types of dividends does QUODD support in its equity APIs?
1:40

We support several different dividend types:

  • Ordinary dividend - a share of a company’s profits passed on to the shareholders periodically. Dividends are considered ordinary by default unless they meet special requirements put in place by the IRS.
  • Extra dividend - a one-time dividend paid to the company’s shareholders. Unlike ordinary dividends, these dividends do not follow a regular distribution schedule and are usually paid in cash.
  • Return of Capital - a payment that a company makes to its investors that is drawn from a company’s capital base, as opposed to its retained earnings.
  • Capital Gain Long Term -  fund managers buy and sell holdings throughout the year and pass profits from those sales to shareholders in the form of capital gains distributions. A gain on the sale of an investment owned for more than one year is considered long term for federal income tax purposes.
  • Capital Gain Short Term -  fund managers buy and sell holdings throughout the year and pass profits from those sales to shareholders in the form of capital gains distributions. A gain on the sale of an investment owned for one year or less is considered short-term for federal income tax purposes.
  • Franked dividend - Dividends paid to a shareholder that come from pre-taxed earnings. A franking credit is attached to these dividends to avoid double taxation.
  • Stock dividend - a distribution of stock of the same class share. For example security A distributes shares of security A.Stock dividend different class - a distribution of stock of a different class share. For example security A distributes shares of security B.
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Does QUODD offer company distributions data?

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Why are some dividend amounts in the GlobalHistorical API different from those in the GlobalCorporateActions API?