Investing

Dividend problem

  • Last Updated:
  • May 24th, 2020 11:35 pm
[OP]
Deal Addict
Aug 16, 2015
1040 posts
418 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
2450 posts
3323 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
1040 posts
418 upvotes
Chance7652 wrote: Are you dripping the shares? I find that can cause delays of sometimes 10+ days.
no I am not.
Sr. Member
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May 31, 2018
953 posts
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Saskatchewan
Is CIBC the stock you’re not getting the dividend for, or your brokerage?
[OP]
Deal Addict
Aug 16, 2015
1040 posts
418 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
953 posts
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Saskatchewan
Which stock(s) are you not receiving the dividend for?
Newbie
Dec 4, 2019
59 posts
57 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
4967 posts
810 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.
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Dec 14, 2010
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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
446 posts
411 upvotes
EMA ?
"Do not allow yourself to become resentful, deceitful or arrogant"
Jordan B. Peterson
Member
Sep 16, 2017
378 posts
295 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
292 posts
209 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
378 posts
295 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
1040 posts
418 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
7877 posts
4002 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: BOC raised 2 times and MCAP raised its prime next day.
2017 to 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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May 31, 2018
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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
1040 posts
418 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
623 posts
137 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
7877 posts
4002 upvotes
Canada, Eh!!
kilburn305 wrote: feb 12
That is strange then.

Holiday here does not explain... guess need to wait for broker answer.
2022: BOC raised 2 times and MCAP raised its prime next day.
2017 to 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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