I tried to ask this question in the chat section but it kept sending me round in circles.
When a company pays a dividend, where does the Money Go? The chatbot told me it would go in my trading 212 account but I had kind of already guessed that! It said it wouldn’t automatically go into the free funds of my stock ISA, but would go into my trading 212 account and that I would be able to invest it how I wanted. This doesn’t really make sense to me because my trading 212 account consists of cash ISA and a stock ISA and where else could the dividend go?
I assume it doesn’t go into my cash ISA. So it must go into the free cash in my stock ISA yes?