diff --git a/common/djangoapps/student/tests/test_views.py b/common/djangoapps/student/tests/test_views.py
index 0cbc6436801815b5732ae6efcc21db0f69686818..b5b34af7af6ce5c3e5a680fdf7ab3420c1fb8d07 100644
--- a/common/djangoapps/student/tests/test_views.py
+++ b/common/djangoapps/student/tests/test_views.py
@@ -19,6 +19,7 @@ from mock import patch
 from opaque_keys import InvalidKeyError
 from pyquery import PyQuery as pq
 
+from bulk_email.models import BulkEmailFlag
 from entitlements.tests.factories import CourseEntitlementFactory
 from openedx.core.djangoapps.catalog.tests.factories import ProgramFactory
 from openedx.core.djangoapps.content.course_overviews.models import CourseOverview
@@ -238,6 +239,7 @@ class StudentDashboardTests(SharedModuleStoreTestCase, MilestonesTestCaseMixin):
     Tests for the student dashboard.
     """
 
+    EMAIL_SETTINGS_ELEMENT_ID = "#actions-item-email-settings-0"
     ENABLED_SIGNALS = ['course_published']
     TOMORROW = datetime.datetime.now(pytz.utc) + datetime.timedelta(days=1)
     THREE_YEARS_AGO = datetime.datetime.now(pytz.utc) - datetime.timedelta(days=(365 * 3))
@@ -533,6 +535,33 @@ class StudentDashboardTests(SharedModuleStoreTestCase, MilestonesTestCaseMixin):
         self.assertIn('You can no longer change sessions.', response.content)
         self.assertIn('Related Programs:', response.content)
 
+    @patch.object(CourseOverview, 'get_from_id')
+    @patch.object(BulkEmailFlag, 'feature_enabled')
+    def test_email_settings_fulfilled_entitlement(self, mock_email_feature, mock_course_overview):
+        """
+        Assert that the Email Settings action is shown when the user has a fulfilled entitlement.
+        """
+        mock_email_feature.return_value = True
+        mock_course_overview.return_value = CourseOverviewFactory(
+            start=self.TOMORROW, self_paced=True, enrollment_end=self.TOMORROW
+        )
+        course_enrollment = CourseEnrollmentFactory(user=self.user)
+        CourseEntitlementFactory(user=self.user, enrollment_course_run=course_enrollment)
+        response = self.client.get(self.path)
+        self.assertEqual(pq(response.content)(self.EMAIL_SETTINGS_ELEMENT_ID).length, 1)
+
+    @patch.object(CourseOverview, 'get_from_id')
+    @patch.object(BulkEmailFlag, 'feature_enabled')
+    def test_email_settings_unfulfilled_entitlement(self, mock_email_feature, mock_course_overview):
+        """
+        Assert that the Email Settings action is not shown when the entitlement is not fulfilled.
+        """
+        mock_email_feature.return_value = True
+        mock_course_overview.return_value = CourseOverviewFactory(start=self.TOMORROW)
+        CourseEntitlementFactory(user=self.user)
+        response = self.client.get(self.path)
+        self.assertEqual(pq(response.content)(self.EMAIL_SETTINGS_ELEMENT_ID).length, 0)
+
 
 @unittest.skipUnless(settings.ROOT_URLCONF == 'lms.urls', 'Test only valid in lms')
 @override_settings(BRANCH_IO_KEY='test_key')
diff --git a/lms/static/js/dashboard/legacy.js b/lms/static/js/dashboard/legacy.js
index be8df1fc5463b41416a1a210569a92e1732e1017..ffe87b83183661c5e500f71aa105f3ea899ca46d 100644
--- a/lms/static/js/dashboard/legacy.js
+++ b/lms/static/js/dashboard/legacy.js
@@ -131,7 +131,6 @@
              if ($(event.target).data('optout') === 'False') {
                  $('#receive_emails').prop('checked', true);
              }
-             edx.dashboard.dropdown.toggleCourseActionsDropdownMenu(event);
          });
          $('.action-unenroll').click(function(event) {
              var isPaidCourse = $(event.target).data('course-is-paid-course') === 'True';
@@ -211,6 +210,7 @@
          });
 
          $('.action-email-settings').each(function(index) {
+             $(this).attr('id', 'email-settings-' + index);
             // a bit of a hack, but gets the unique selector for the modal trigger
              var trigger = '#' + $(this).attr('id');
              accessibleModal(
@@ -219,7 +219,6 @@
                 '#email-settings-modal',
                 '#dashboard-main'
              );
-             $(this).attr('id', 'email-settings-' + index);
          });
 
          $('.action-unenroll').each(function(index) {
diff --git a/lms/templates/dashboard.html b/lms/templates/dashboard.html
index 820733a5f546bd5e1419b7b31188b83de8587d52..c0e36410eb6aa5a2e3fc731ba20b9e6f71c4fb62 100644
--- a/lms/templates/dashboard.html
+++ b/lms/templates/dashboard.html
@@ -167,14 +167,17 @@ from student.models import CourseEnrollment
                     if not next_session:
                         continue
                     enrollment = CourseEnrollment(user=user, course_id=next_session['key'], mode=next_session['type'])
-
+                  # We only show email settings for entitlement cards if the entitlement has an associated enrollment
+                  show_email_settings = is_fulfilled_entitlement and (entitlement_session.course_id in show_email_settings_for)
+                else:
+                  show_email_settings = (enrollment.course_id in show_email_settings_for)
+      
                 session_id = enrollment.course_id
                 show_courseware_link = (session_id in show_courseware_links_for)
                 cert_status = cert_statuses.get(session_id)
                 can_refund_entitlement = entitlement and entitlement.is_entitlement_refundable()
                 can_unenroll = (not cert_status) or cert_status.get('can_unenroll') if not unfulfilled_entitlement else False
                 credit_status = credit_statuses.get(session_id)
-                show_email_settings = (session_id in show_email_settings_for)
                 course_mode_info = all_course_modes.get(session_id)
                 is_paid_course = True if entitlement else (session_id in enrolled_courses_either_paid)
                 is_course_blocked = (session_id in block_courses)
diff --git a/lms/templates/dashboard/_dashboard_course_listing.html b/lms/templates/dashboard/_dashboard_course_listing.html
index 83b211ea1582d0a61aef8587b766dff6a65f0248..3a653e586883629a2f151e2c37e6e3fec0d55a03 100644
--- a/lms/templates/dashboard/_dashboard_course_listing.html
+++ b/lms/templates/dashboard/_dashboard_course_listing.html
@@ -235,11 +235,11 @@ from util.course import get_link_for_about_page, get_encoded_course_sharing_utm_
                 % endif
             % endif
 
-            ## Right now, the gear dropdown for entitlements only contains the 'unenroll' link, so we should hide the
-            ## gear altogether if the user is unable to unenroll/refund their entitlement. Later, when we add more options
-            ## to the gear dropdown, we can remove this check.
-            % if entitlement and can_refund_entitlement:
-                <%include file='_dashboard_entitlement_actions.html' args='course_overview=course_overview,entitlement=entitlement,dashboard_index=dashboard_index, can_refund_entitlement=can_refund_entitlement'/>
+            ## We should only show the gear dropdown if the user is able to refund/unenroll from their entitlement
+            ## and/or if they have selected a course run and email_settings are enabled
+            ## as these are the only actions currently available
+            % if entitlement and (can_refund_entitlement or show_email_settings):
+                <%include file='_dashboard_entitlement_actions.html' args='course_overview=course_overview,entitlement=entitlement,dashboard_index=dashboard_index, can_refund_entitlement=can_refund_entitlement, show_email_settings=show_email_settings'/>
             % elif not entitlement:
                 <div class="wrapper-action-more" data-course-key="${enrollment.course_id}">
                   <button type="button" class="action action-more" id="actions-dropdown-link-${dashboard_index}" aria-haspopup="true" aria-expanded="false" aria-controls="actions-dropdown-${dashboard_index}" data-course-number="${course_overview.number}" data-course-name="${course_overview.display_name_with_default}" data-dashboard-index="${dashboard_index}">
diff --git a/lms/templates/dashboard/_dashboard_entitlement_actions.html b/lms/templates/dashboard/_dashboard_entitlement_actions.html
index 08455f8d9957ed2394508c2d586151f0484a3dab..536dbbcff8330df70c0cc6180cf208d515f53ee3 100644
--- a/lms/templates/dashboard/_dashboard_entitlement_actions.html
+++ b/lms/templates/dashboard/_dashboard_entitlement_actions.html
@@ -1,4 +1,4 @@
-<%page args="course_overview, entitlement, dashboard_index, can_refund_entitlement" expression_filter="h"/>
+<%page args="course_overview, entitlement, dashboard_index, can_refund_entitlement, show_email_settings" expression_filter="h"/>
 
 <%!
 from django.utils.translation import ugettext as _
@@ -43,6 +43,19 @@ dropdown_btn_id = "entitlement-actions-dropdown-btn-{}".format(dashboard_index)
           </a>
         </li>
       % endif
-    </ul>
+      % if show_email_settings:
+        <li class="entitlement-actions-item" id="actions-item-email-settings-${dashboard_index}" role="menuitem">
+          ## href and rel must be defined for compatibility with lms/static/js/leanModal.js
+          ## data-dropdown-selector and data-dropdown-button-selector must be defined for compatibility with lms/static/js/dashboard/dropdown.js
+          <a href="#email-settings-modal" class="entitlement-action action-email-settings" rel="leanModal"
+            data-dropdown-selector="#${dropdown_id}"
+            data-dropdown-button-selector="#${dropdown_btn_id}"
+            data-course-id="${course_overview.id}"
+            data-course-number="${course_overview.number}"
+            data-dashboard-index="${dashboard_index}"
+            data-optout="${unicode(course_overview.id) in course_optouts}">${_('Email Settings')}</a>
+        </li>
+      % endif
+      </ul>
   </div>
 </div>
diff --git a/themes/edx.org/lms/templates/dashboard.html b/themes/edx.org/lms/templates/dashboard.html
index 577d69e42e4a4ea719d44a041d112eb4158ef368..1da55c5130e6fe226f736e9f0f58f0708f2f719c 100644
--- a/themes/edx.org/lms/templates/dashboard.html
+++ b/themes/edx.org/lms/templates/dashboard.html
@@ -163,6 +163,10 @@ from student.models import CourseEnrollment
                 if not next_session:
                     continue
                 enrollment = CourseEnrollment(user=user, course_id=next_session['key'], mode=next_session['type'])
+              # We only show email settings for entitlement cards if the entitlement has an associated enrollment
+              show_email_settings = is_fulfilled_entitlement and (entitlement_session.course_id in show_email_settings_for)
+            else:
+              show_email_settings = (enrollment.course_id in show_email_settings_for)
 
             session_id = enrollment.course_id
             show_courseware_link = (session_id in show_courseware_links_for)
@@ -170,7 +174,6 @@ from student.models import CourseEnrollment
             can_refund_entitlement = entitlement and entitlement.is_entitlement_refundable()
             can_unenroll = (not cert_status) or cert_status.get('can_unenroll') if not unfulfilled_entitlement else False
             credit_status = credit_statuses.get(session_id)
-            show_email_settings = (session_id in show_email_settings_for)
             course_mode_info = all_course_modes.get(session_id)
             is_paid_course = True if entitlement else (session_id in enrolled_courses_either_paid)
             is_course_blocked = (session_id in block_courses)