When a company distributes profits to its shareholders, it does so through a dividend. As a Thndr customer holding Egyptian stocks, you are generally eligible to receive dividends automatically.

This article explains the types of dividends, how eligibility works, when to expect your payment, and what to do if a company distributes dividends in USD instead of EGP.

Companies choose how to reward shareholders through either cash or shares. The dividend type is decided by the company’s board of directors. You cannot choose between cash or shares — you will receive whichever form the company has officially announced.

There are two primary types of dividends are:

Understanding the timeline is key to knowing whether you qualify. Every dividend goes through four stages:

To receive a dividend, you need to own the company's stock by market close on the Eligibility Date.

For most Egyptian stocks listed on the EGX, dividends are distributed in Egyptian Pounds. If you're eligible, you will receive email communication from the Thndr team related to your eligibility details and dividend distribution timeline.

Your cash dividend is automatically credited to your Thndr Wallet within 2 working days of the company's official payout date — no action needed from you.

A 5% government tax is automatically deducted before the amount is credited. The figure you see in your Wallet is already net of this deduction.

Note: The Eligibility Date and the Payout Date are different. The Eligibility Date is the deadline to own the stock to qualify. The Payout Date is when the company distributes the dividend after processing.

In less common cases, Egyptian companies can choose to distribute dividends in USD rather than EGP.
​
If an Egyptian company chooses to distributed its cash dividends in USD, investors can choose to receive their dividends in USD; receive the EGP equivalent in their Thndr wallet; or collect their dividend directly from an MCDR branch.

Thndr will notify you by email with your dividend amount, the shares you held at the cutoff date, and the deadline to submit your dividend collection request.

Upon receiving a dividend notification email, investors can choose one of three options:

Option 1 — Receive in USD

You can receive your dividend directly into a USD bank account at CIB or AAIB. To do this:

Option 2 — Receive in EGP (converted at the latest bank rate)

If you'd prefer to receive the EGP equivalent, Thndr will collect the USD from MCDR on your behalf and convert it at the latest EGP/USD bank rate.

Option 3 — Visit an MCDR branch directly

If you prefer to collect in cash in USD, you can visit one of the MCDR branches with your national ID. Not all branches distribute USD, so contact the branch in advance to confirm availability.

Your notification email will include the exact deadline and a direct link to the Dividends Collection Request form. Make sure to submit before the deadline — late requests cannot be processed.

Instead of cash, the company issues additional shares proportional to what you already hold. These are added to your portfolio automatically.

On the day a stock dividend is issued, the share price is adjusted downward to reflect the larger number of shares now in the market. Your total investment value stays the same — the drop in price per share is offset by the additional shares you received.

Example: You hold 100 shares at EGP 40 each — a total value of EGP 4,000. The company announces a 25% stock dividend. You receive 25 additional shares, bringing your total to 125 shares. The price adjusts from EGP 40 to EGP 32 per share. Your total value remains EGP 4,000.

The stock chart may appear to show a sudden price drop on the dividend date. This is normal and does not represent a real loss — it simply reflects the adjusted price after new shares were issued.

Most new shares are available to sell immediately. The exception is shares you bought on the final eligibility date, which still need to settle.

Shares bought on the final eligibility date: These follow a T+2 settlement cycle and won't be available to sell right away.

Stock dividend shares: If you bought a stock on the record date of a stock dividend, you'll receive your new shares the next business day (T+1). These new shares can't be sold yet, as they still need to settle. Any other shares you already hold that have settled can be sold normally.

Thndr credits your EGP dividend as soon as it is received from MCDR. In most cases, this happens within 2 working days of the company's payout date.

Occasionally, delays can happen due to edge cases on the exchange or clearing side. If it has been more than 2 working days since the payout date and you believe you were eligible, contact our support team through the app with the stock name and dividend details.

USD dividends involve additional steps, including your submission, MCDR processing, and bank transfer. Make sure you submit your Dividends Collection Request before the deadline. Transfers to a USD bank account may take up to 10 working days from the deadline date.

If you submitted on time and have not received your dividend within the expected window, contact our support team through the app.

Thndr tracks and announces upcoming dividends for Egyptian stocks automatically.

Dividend dates and details are set by the listed company and published on the Egyptian Exchange (EGX). For full disclosure details, you can also check the EGX website directly.

You can confirm that your dividends have been credited to your account in two ways:

Do I need to do anything to receive my dividend?

For EGP cash dividends and stock dividends, no — both are processed automatically. For USD cash dividends, you will need to submit a collection request by the deadline. Thndr will notify you by email if action is required.

Why haven't I received my dividend yet?

EGP cash dividends are credited within 2 working days of the official payout date. If it's been longer than that, contact our support team through the app with the stock name and dividend details.

I sold my shares after the eligibility date — do I still get the dividend?

Yes. Eligibility is determined on the eligibility date. Selling after that date does not affect your right to the dividend.

Are dividends taxed?

Yes. A 5% government tax is automatically deducted from EGP cash dividends before the amount is credited to your Thndr Wallet. No action is needed from you.

Why do some companies not pay dividends?

Not all companies pay dividends. Growth-focused companies often choose to reinvest profits back into the business to fund expansion and product development rather than distributing them to shareholders.

Why can't I sell the stock dividend shares I just received?

Most new shares can be sold immediately. The exception is stock dividend shares, which still need to settle before you can sell them. If you bought the stock on the record date of the dividend, your new shares are delivered the next business day (T+1), and they won't be available to sell until they've settled. Until then, they'll show in your portfolio as blocked or unsettled.

The hold only applies to these newly received dividend shares. Any other shares you hold, including the ones you received the dividends for, can be sold normally as long as they've settled.