Long wait on Dividends

Do you know when McDonalds and Realty Income dividends will be paid?

The payment date of both was 15th March, I would expect the money to arrive by the end of this week or next Monday.

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Ok thanks. Letā€™s hope it will arrive then or sooner. Wait times are getting awfully long. When I first joined T212 in 2019 wait times were 1-2 working days at most.

Iā€™ve gotten pfizer and realty income dividends.

And MCD dividends arrived today :+1:

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Yes, quite a bit. That why I ignored them. :slight_smile:

The important date is Payment Date, not Ex-Dividend Date.

The Ex-Dividend Date is important to know if we buy the stock before or after that date, so we could receive or not the dividends.

But if we receive the dividend notification is why we buy the stock before the Ex-Dividend Date, so is quite obvious.

But even with the Payment Date on these notifications, we receive the dividends 1 week or more later.

Perhaps a lot of @Team212 work for replying to customers messages and discussion could be avoid if they add a monthly or weekly page with the stocksā€™ Ex-Dividend Dates, Payment Dates and the T212 Payment Dates. The investors could see the Dates and avoid the troubles for everyone.

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I suggested similar, but I suspect like many of the posts on this forum, folk wouldnā€™t bother spending 5 minutes looking themselves.

I have reached out suggesting the notification is confusing some users and they are looking into it. I cant remember the exact wording, but I suggested something along the lines of:

Keystone Investment Trust(KPC) announced a dividend of 2.41p per share payable on 12.03.2021 to all shareholders on record as at 18.02.2021. You have now received Ā£ā€¦

Instead of:

On 18.02.2021 Keystone Investment Trust distributed an ordinary dividend of 2.41p per shares. You have now receivedā€¦

I think they paid the above around the 16th of March, which tbh doesnā€™t really bother me. The service 212 give for what they charge is excellent, and even a week to me would be fine.

I could be wrong, but I half believe that IB would pay 212 the dividends on the pay date if not the day later. Similarly if stock is out on loan, I have seen from previous lines of work, that can also cause a few extra days delays in payment. Then there is also potentially a manual element in the reconciliation delaying things - if 212 expect to receive X, but are paid Y. How do you decide which is correct? You would have to reconcile these differences first before paying out any dividends.

Ideally most of that process can be automated to a point, so I do expect things will get faster over time.

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If the dividend payment delays are because the stocks were lent, it represents an additional cost for us.

Interdependently of the delayā€™s reason, a few days or weeks delay is money wasted for the money owners. Time is money. And someone will earn overnight interest income for each night the dividends arenā€™t paid to us.

A 1 GBP/USD/EUR to be received a week or month from now isnā€™t the same as receiving it today. In finance itā€™s called Present Value.

And there are people that say T212 is free for us. :rofl:

We also pay for it in several ways, using T212 statements:

  • T212 lends our stocks to earn money (Invest accounts)
  • T212 earns interest income in not used money in our accounts

If the dividend payments are delayed because they were lent, it should only happen on the Invest accounts. The delays also happen on ISA accounts?

We donā€™t know end of day if thatā€™s part of the delays, but if it is, the delay is peanuts given short timeframe and current interest rates are peanuts.

Even in low interest rates environment or ultra-short terms, donā€™t forget the absolute amount. I will not bother to earn only 0.1% APR on 1 million+. :wink:

It make me remember about an Indian story.
A Indian king asked one of his wise-men to create a game to entertained him.
So he created chess, the king liked so much that offered any riches to the wise-men.
But the wise-men only ask for a paltry low prizeā€¦
ā€¦only one rice grain for each possible square movement on the chessboard.

(PS: Rice were also used as medium of exchange, aka money in ancient civilizations.)

It looks like that dividend payments have been sped up. Today I received 2 dividends with payment date last friday.

Any others here also seeing improvements on payment speed??

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yes also saw that this months dividends have been coming in way faster than before, but weā€™re silent if everything works alright and will only speak up once theyā€™re late :stuck_out_tongue_winking_eye:

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Hi T212,

According to the recent email received from M.D.C. Holdings, they will be distributing a special 8% stock dividend. Can I expect you to help us receive the stock to be distributed?

The stock dividend will be distributed on March 17, 2021 to shareholders of record on March 3, 2021, with a brokersā€™ cut-off date of March 10, 2021, and will be in the form of one additional share of MDC common stock for each 12.5 shares owned by shareholders on the record date. Cash will be paid in lieu of fractional shares based on the closing price of MDCā€™s common stock on the record date.

Thanks for your help here!

T212 always pays the dividends :slight_smile:

Hi T212,

Iā€™m still waiting for the stock dividend payment.

Itā€™s been quite a few days already. Tried to reach the support team, but received a standard useless reply.

Could someone let me know about when is T212 planning on paying this dividend? No issue with the ordinary dividend payment.

Thanks!

I got a dividend from Raytheon Technologies today, nice pace.

ā€œThe dividend will bepayable on Mar. 25, 2021ā€

I received both Transunion and Lockheed Martin today, but very different original payment dates.

Sooner the better but itā€™s not a massive issue for me

Waiting on gcp student living dividend

That was paid on the 26th, not even 3 working days yet. Too early to consider it a long wait.

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The dividends are coming. It could take longer than expected.
How it comes the dividends. :smiley:

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