Investing

Dividend problem

  • Last Updated:
  • May 24th, 2020 11:35 pm
[OP]
Sr. Member
Aug 16, 2015
783 posts
282 upvotes

Dividend problem

As in I didn't get it. was supposed to be paid on the 18th. It is usually a couple days late but this time seems excessive.

CIBC said they would look into it and email me about it but I haven't received anything.

Anyone have similar experience?
20 replies
Deal Addict
Feb 26, 2017
1904 posts
2199 upvotes
kilburn305 wrote: As in I didn't get it. was supposed to be paid on the 18th. It is usually a couple days late but this time seems excessive.

CIBC said they would look into it and email me about it but I haven't received anything.

Anyone have similar experience?
Are you dripping the shares? I find that can cause delays of sometimes 10+ days.
[OP]
Sr. Member
Aug 16, 2015
783 posts
282 upvotes
Chance7652 wrote: Are you dripping the shares? I find that can cause delays of sometimes 10+ days.
no I am not.
Sr. Member
User avatar
May 31, 2018
672 posts
1552 upvotes
Saskatchewan
Is CIBC the stock you’re not getting the dividend for, or your brokerage?
[OP]
Sr. Member
Aug 16, 2015
783 posts
282 upvotes
FarmerHarv wrote: Is CIBC the stock you’re not getting the dividend for, or your brokerage?
brokerage
Sr. Member
User avatar
May 31, 2018
672 posts
1552 upvotes
Saskatchewan
Which stock(s) are you not receiving the dividend for?
Newbie
Dec 4, 2019
36 posts
12 upvotes
Did you set drip close to the ex dividend date? Not sure if this is true and I can't remember what happened to mine, but TD told me that I might not receive the drip until next quarter because I applied too close to the date.
Deal Addict
Dec 9, 2003
4925 posts
764 upvotes
Calgary
You do know that some stocks have stopped dividends?
I apologize for offending sensitivities of alt right, alt left, or anyone in the middle, for humor or perspectives, for my maturity and occasional errors. I apologize for misunderstandings on gender, religion, politics, race or deals.
Deal Fanatic
User avatar
Dec 14, 2010
6344 posts
7530 upvotes
kilburn305 wrote: As in I didn't get it. was supposed to be paid on the 18th. It is usually a couple days late but this time seems excessive.

CIBC said they would look into it and email me about it but I haven't received anything.

Anyone have similar experience?
What stock you were expecting to be paid on the 18th?
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Member
Sep 18, 2016
324 posts
276 upvotes
EMA ?
Index Investors, the Vegans of the Investing Industry
Member
Sep 16, 2017
345 posts
234 upvotes
Did you own the stock by the ex-dividend date? Because you will not have received the dividend if you purchased after the fact.
Member
Aug 1, 2014
265 posts
94 upvotes
MasterBD wrote: Did you own the stock by the ex-dividend date? Because you will not have received the dividend if you purchased after the fact.
Stock must be purchased before ex-dividend date. Purchasing it on the ex-dividend date won't get you dividend.
Member
Sep 16, 2017
345 posts
234 upvotes
Khichdi wrote: Stock must be purchased before ex-dividend date. Purchasing it on the ex-dividend date won't get you dividend.
yes, before.
[OP]
Sr. Member
Aug 16, 2015
783 posts
282 upvotes
LOL guys. The stock is BTI. The dividend has not been cut and I've been holding it for 2 years. I'm not that much of a noob.

Still nothing. I will be calling CIBC on tuesday.
Deal Fanatic
Feb 4, 2015
6433 posts
2828 upvotes
Canada, Eh!!
kilburn305 wrote: LOL guys. The stock is BTI. The dividend has not been cut and I've been holding it for 2 years. I'm not that much of a noob.

Still nothing. I will be calling CIBC on tuesday.
Prior dividend was paid Feb 11. When did you get that dividend?
.......
July 13, 2017 to October 25, 2018: BOC raised rates 5 times and MCAP raised its prime rate next day each time.

2020: BOC dropped rates 3 times and MCAP waited and waited to drop its prime rate to include all 3 drops.
Sr. Member
User avatar
May 31, 2018
672 posts
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Saskatchewan
kilburn305 wrote: ...I'm not that much of a noob.
Yes, we should have known that from all the information you provided.
[OP]
Sr. Member
Aug 16, 2015
783 posts
282 upvotes
FarmerHarv wrote: Yes, we should have known that from all the information you provided.
yes, you're right. it seems like a typical noob question but not this time. I guess no one has a possible explanation in this case.
Sr. Member
Oct 31, 2009
571 posts
106 upvotes
kilburn305 wrote: yes, you're right. it seems like a typical noob question but not this time. I guess no one has a possible explanation in this case.
May we know which broker do you have?
Deal Fanatic
Feb 4, 2015
6433 posts
2828 upvotes
Canada, Eh!!
kilburn305 wrote: feb 12
That is strange then.

Holiday here does not explain... guess need to wait for broker answer.
.......
July 13, 2017 to October 25, 2018: BOC raised rates 5 times and MCAP raised its prime rate next day each time.

2020: BOC dropped rates 3 times and MCAP waited and waited to drop its prime rate to include all 3 drops.

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