Long wait on Dividends

Hi @arjun206

I don’t believe this is the case.

You have answered your own question:

They will be paid, but some take slightly longer than others to come through. If if after 14 days you haven’t received them I’d contact support again.

U got my BP dividend first thing this morning

1 Like

Yes got my BP dividend this morning as well.

So what 4 working days, given they’re not directly paid to 212 that’s not that long a wait tbh.

1 Like

Don’t known bout you, AZN paid 29th. Landed today.

Think the speed is picking up again.

3 Likes

When Trading 212 does something good should also be praised:

DPZ Dividend History

Ex/EFF DATE TYPE CASH AMOUNT DECLARATION DATE RECORD DATE PAYMENT DATE
03/12/2021 CASH $0.94 02/24/2021 03/15/2021 03/30/2021

Trading 212 paid it today. Only 2 days between dates. Congrats. Continue the good work.

7 Likes

Received RDSA dividend today. Payment date was 29.03.21, so took 3 working days. :+1:

Dividends been hitting my account much quicker recently, a day or two after. BP took a while but looks like things are generally speeding up. :+1:

3 Likes

I’m with you guys, dividend payment is much faster now.

But MDC’s dividend distributed March 17, 2021 and still nothing. Kind of a long wait tbh. Must admit that at another brokerage, the stock dividend received but cash in lieu of fractional shares still hasn’t.

Do you notice any change on your MDC holdings, because it was a ā€œStock Dividendā€:

Declared Date Ex-Date Record Date Payable Date Amount - As Declared Amount - Adjusted for Stock Dividends and Splits Type
2021 Dividends
1/25/2021 3/2/2021 3/3/2021 3/17/2021 $0.08 $0.08 Stock Dividend
1/25/2021 2/9/2021 2/10/2021 2/24/2021 $0.40 $0.37 Cash Dividend

https://ir.richmondamerican.com/dividend-history

Or as it was so small ($0.08) if you own less than 1 stock it could not show up as cash.

Dividend payments are much much faster now, I’m so glad 212 has addressed the issue.

Sorry mis-read your post. Thought you said MCD (McDonalds) dividends. Deleted previous comment - thought it was strange as I received my McDonalds dividends ages ago.

was it enough to buy a Big Mac?

Hi Rick,

In T212 we cannot buy fractional shares of MDC.

No new shares allocated.

@Dougal1984, if is not enough to buy a Big Mac is it ok to steal your money?

1 Like

Nooooo I need them to buy fractional shares!

Aha yes - I own several.

Hi Lusus (Tuga? :wink: )

Try sending a message to T212 support. Last time I had a wider delay than usual, I sent them a message, coincidentally or not, I received the dividend on the same day or in next day (maybe it’s was an error or a bug).

Yup :v::grin:

I did that already, but received standard reply. Not very helpful.

I’ll wait a few more days and will try again.

I also hold MDC with another brokerage, and I received the stock dividend in that account. But stockholders will receive cash for the amount that didn’t make for a full share, and they haven’t paid it as well.

Wild guessing that T212 will only pay for ā€œeverythingā€ together. :relieved:

Hi @RLX,

So I started a chat session with customer support and he understood the issue and opened an internal investigation to locate the funds.

Dividend was credited to my account. Don’t know what calculations did MDC, but dividend per share is not $0.08 as in the table you’ve shared. I was expecting more according to the closing price of MDC’s stock on the record date, and now that T212 credited it to my account I can confirmed it is not :money_mouth_face:.

T212 shows the net dividend per share (gross dividend - tax withhold amount).

Try doing the calculus:

Net dividend per share = Gross dividend per share * (1 - tax rate) = $0.08 * (1 - 0.15) = $0.068 per share.

After that the total amount (net dividend per share * number of shares) is converted to the account currency.

Note: I used the common US tax rate of 15%, confirm if it is that, on your History tab.