Robinhood Stock Token Dividends Automatically Reinvested, Vary by Product

Robinhood ($HOOD) has implemented a system that automatically reflects dividend payments from underlying stocks to stock token holders. Dividends are not paid out in cash but instead reinvested into additional purchases of the underlying stock. Robinhood explains on its official Stock Tokens guide page that dividends are reinvested to increase the multiplier effect of the tokens. However, Robinhood Europe's Classic Stock Tokens support documentation states that dividends are distributed as euro cash, indicating a distinction in how the feature is applied across different products.