# The Dividend Ledger

The only measured dividend record for Stock Tokens on Robinhood Chain. Every Stock Token carries a multiplier, readable from any node as `uiMultiplier()`: the raw balance never moves, the shares each token stands for grow when a dividend is applied, on the ex-dividend date. This ledger reads that multiplier for every token on the issuer's registry, keeps every step it sees, and publishes what landed.

## Read it

- `GET /api/dividends`: the board. One row per token: multiplier, cumulative percent since the token's genesis, dividend steps seen, trailing 30 and 90 day percent from steps this ledger recorded, the last step, and the issuer's announced actions beside it, labelled announced.
- `GET /api/dividends/:symbol`: one token, every step.
- Steps carry `kind`: dividend (under five percent, counted), split (past five percent either way, never counted), anomaly (a fall under five percent, never counted, shown).

## Rules

- A figure here is what the chain showed, at the block named. Nothing is projected. A trailing figure is what landed over a window that already happened, never a rate on offer.
- A read that failed is not a multiplier of one and is not a step.
- The ledger began on 18 September 2026; cumulative percent is the token's whole life, trailing percent is only what this ledger watched.
- Stock Tokens are tokenized debt securities issued outside the United States and are not available to US persons; read the issuer's restrictions before you act on any of this.