Dividend stocks can be an addition to your portfolio if you’re looking to invest in companies that allow you to combine passive income with steady growth.

In this guide, we show you how to buy dividend stocks in a matter of minutes with a commission-free trading site that requires a minimum deposit of just $10.

How to Buy Dividend Stocks 

A guide on how to buy dividend stocks can be found below.

  • ✅Step 1 – Open a Trading Account:  Users can head over to the website of their preferred broker and begin the registration process. Enter your personal details and create a username and password.
  • Step 2 – Upload ID: Get your newly created account verified instantly by uploading a copy of your ID. Choose from a passport, state ID, or driver’s license.
  • Step 3 – Deposit Funds: Users can deposit funds by choosing a payment method which may include e-wallets, credit/debit cards, and ACH.
  • Step 4 – Buy Dividend Stocks: Users can search for their preferred dividend stocks on the search bar of their platform and begin the open order process. Enter the amount you wish to invest and confirm the transaction.

When deciding on where to buy stocks online for the purpose of acquiring dividend-paying shares, you’ll need to ensure that the broker stipulates suitable minimum account balance requirements and that it offers low trading fees.

The section below reviews a popular stock broker that allows users to invest in dividend stocks.


webull logo Webull is a popular trading platform that gives you access to over 5,000 US-listed stocks and ETFs across the NYSE and NASDAQ.

And, you can create a diversified portfolio of dividend stocks – as Webull supports fractional shares. The minimum stake per stock trade that you can execute is just $5. This means that a small deposit of $50 would allow you to diversify across 10 different dividend stocks.

webull platform screenshot

Webull gives you access to a wide number of dividend stock ETFs. The key issue is that you cannot directly access international exchanges. As such, the only option you have to buy foreign-based dividend stocks is via an ADR – which is arguably worth avoiding.

Nonetheless, Webull also offers support for stock options and a selection of crypto assets. The latter can be traded from just $1. When it comes to fees, ACH deposits and withdrawals attract no transaction charges. You can also trade any asset supported on the Webull platform – including that of dividend stocks, without paying any commission.

Minimum Deposit $0
Fractional Shares? Yes – $5 minimum
Pricing System 0% commission on all dividend stocks, ETFs, and options
Cost of Buying Dividend Stocks Spread only

Your capital is at risk.

How Much Does it Cost to Buy Dividend Stocks?

When deciding on where to buy dividend stocks, it is important that you check the broker’s fee table before proceeding, as well as understanding the basics. As such, our article on what is dividend investing covers everything you need to know about this passive investing strategy.

Here are the following charges that users may have to pay when purchasing dividend stocks.

Funding Charges

Some brokers will charge deposit fees on certain payment methods. Oftentimes, this is the case when you wish to fund your account with a domestic bank wire.

At Webull, for instance, this will cost you $8 on each transaction.


Very few brokers in the US charge commissions these days when you buy dividend stocks that are listed on the NYSE or NASDAQ. Certain conditions might apply, such as Schwab requiring the dividend stock to be listed on the S&P 500.


The spread is typically a hidden fee that you need to research yourself, not least because it refers to the difference between the buy and sell price of your chosen dividend stock.

The spread will vary from one broker to another, so be sure to understand how much you are paying before placing an order.


Dividend stocks are a potential way to diversify portfolios by offering passive income opportunities to investors. Users can review the popular dividend stock brokerages and pick the right platform to begin trading with.

Frequently Asked Questions on Buying Dividend Stocks 

How do I buy dividend stocks?