Why Is the Dividend I Received Different From the Amount Announced?

The figure a company announces is a gross amount per single share, before anything is deducted, so the amount that reaches you will almost always be smaller. Three things account for the difference. First, the announcement is per share: your payout is that figure multiplied by the shares you actually held on the cum date, which for a fractional holding produces a much smaller number. Second, withholding tax is deducted at source, at 15% on a non-leveraged position or 30% on a 2x leveraged one, so what you receive is already net. Third, if the company is based outside the United States, its home country may withhold as well, and the dividend has to be converted into USD from the currency it was declared in. Together these explain most gaps between announced and received.

• Announcements are gross and per share: The declared figure is before tax and applies to one share.
• Your holding matters: The payout is the per-share figure × shares held on the cum date.
• Withholding tax: 15% on non-leveraged positions and 30% on 2x leveraged ones, deducted at source.
• Non-US companies: Home-country withholding can apply on top of the US rate.
• Currency conversion: A dividend declared in a non-USD currency is converted before distribution.
• Minimum thresholds: Very small net amounts are not paid out at all: a non-leveraged position needs a net dividend above $0.01, and a 2x leveraged position needs at least 0.1 shares held on the cum date.
• Check the breakdown: Transaction History shows the gross, the tax withheld, and the net for each dividend.

Related questions:

Q: Is the announced dividend a gross or a net figure?
Gross, and per share. When a company declares a dividend it publishes the amount attaching to one single share before any tax is applied. Your own payout starts from that number, gets multiplied by the shares you held on the cum date, and is then reduced by the applicable withholding. That is why the announced headline and the credit landing in your balance are rarely the same number, even before any currency effect is involved.

Q: How much is deducted as tax before the dividend reaches me?
It depends on your position type. A non-leveraged position has 15% withheld, while a 2x leveraged position has 30% withheld, both applied at source before the dividend travels down the distribution chain to your account. Because the deduction happens first, the amount showing in your USD balance is already net and nothing further is taken by Pluang afterwards. You can see the exact deduction in the dividend's entry in Transaction History.

Q: Why is the gap wider on some stocks than others?
The widest gaps usually come from non-US companies trading as ADRs. Those dividends can be reduced twice — once by the home country's own withholding tax and again by converting the declared amount into USD, since US stock dividends are always distributed in that currency. A US-incorporated company has neither of those steps, so its gap is normally just the standard withholding. Country of incorporation is shown on the stock's asset page.

Q: How can I check exactly what was deducted from my dividend?
Open the Balance menu in the Pluang app, tap Transaction History, and find the dividend entry you want. Tapping it expands the entry into a breakdown showing the gross dividend, the withholding tax deducted, and the net amount credited to your USD balance. Comparing that against the per-share figure the company announced, multiplied by the shares you held on the cum date, usually accounts for the whole difference.