Investing

Dividend problem

  • Last Updated:
  • May 24th, 2020 11:35 pm
[OP]
Deal Addict
Aug 16, 2015
1184 posts
494 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
2751 posts
4155 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]
Deal Addict
Aug 16, 2015
1184 posts
494 upvotes
Chance7652 wrote: Are you dripping the shares? I find that can cause delays of sometimes 10+ days.
no I am not.
Deal Addict
May 31, 2018
1145 posts
2880 upvotes
Is CIBC the stock you’re not getting the dividend for, or your brokerage?
[OP]
Deal Addict
Aug 16, 2015
1184 posts
494 upvotes
FarmerHarv wrote: Is CIBC the stock you’re not getting the dividend for, or your brokerage?
brokerage
Deal Addict
May 31, 2018
1145 posts
2880 upvotes
Which stock(s) are you not receiving the dividend for?
Newbie
Dec 4, 2019
64 posts
58 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 Fanatic
Dec 9, 2003
5075 posts
920 upvotes
Calgary
You do know that some stocks have stopped dividends?
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Deal Fanatic
User avatar
Dec 14, 2010
6970 posts
9037 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
User avatar
Sep 18, 2016
495 posts
473 upvotes
EMA ?
"Do not allow yourself to become resentful, deceitful or arrogant"
Jordan B. Peterson
Member
Sep 16, 2017
416 posts
315 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
332 posts
320 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
416 posts
315 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]
Deal Addict
Aug 16, 2015
1184 posts
494 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
9571 posts
5906 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?
2022/3: BOC raised 10 times and MCAP raised its prime next day.
2017,2018: BOC raised rates 5 times and MCAP raised its prime next day each time.
2020: BOC dropped rates 3 times and MCAP waited to drop its prime to include all 3 drops.
Deal Addict
May 31, 2018
1145 posts
2880 upvotes
kilburn305 wrote: ...I'm not that much of a noob.
Yes, we should have known that from all the information you provided.
[OP]
Deal Addict
Aug 16, 2015
1184 posts
494 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
694 posts
186 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
9571 posts
5906 upvotes
Canada, Eh!!
kilburn305 wrote: feb 12
That is strange then.

Holiday here does not explain... guess need to wait for broker answer.
2022/3: BOC raised 10 times and MCAP raised its prime next day.
2017,2018: BOC raised rates 5 times and MCAP raised its prime next day each time.
2020: BOC dropped rates 3 times and MCAP waited to drop its prime to include all 3 drops.

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