Corporate events

Dividends are payments a company makes to shareholders. For Robinhood Stock Tokens, the adjustment is reflected in how much stock each token represents, rather than a cash payment to your wallet.

Stock splits divide shares into smaller pieces. Think of cutting a pizza into more slices: more pieces do not mean more pizza.

Your token count can stay the same. A number called the multiplier tracks how many underlying shares each token represents. For example, 10 tokens with a multiplier of 1.02 represent exposure to 10.2 shares.