Jump to content
  • 0

Missing dividend


tjw

Question

Hi,

 

I have a holding (an ETF) that paid a dividend on 22nd December.  It's now 29th December and the payment still hasn't been posted to my IG share trading account.  Is there a reason it is taking so long?  or is there a problem?

Link to comment

7 answers to this question

Recommended Posts

  • 0

Hi - when a dividend is paid it will go to our prime broker first (for example Citi) who will then send the funds over via a BATS transfer. This usually take a couple of working days, however because of the recent holiday season it will take longer. As soon as we've received the funds you should see it posted on your IG account as a cash value, and you'll be notified via the overnight statement. I believe these funds should be with you very shortly. 

 

I hope this clarifies things and apologies for the delay. 

Link to comment
  • 0

Hi,

 

It's now the 4th January and this still hasn't reached my account. I know it was paid out by Van Eck on 22nd December. 

 

It's been nearly 2 weeks now.  I'm fairly new to IG but I'm thinking it doesn't normally take this long?

Link to comment
  • 0

Hi - No problem, thank you for responding, I'm not sure whether you received my PM last Thursday.

 

The etf is EGPT, the administrator is Van Eck.  I've held since May 2017 so am fully entitled to the year end dividend.

 

The dividend is:

Year   Ex-Date    Record-Date    Payable-Date    Dividend Income*
2017  12/18/2017    12/19/2017    12/22/2017    $0.2530

 

It's the 8th January and the payment still hasn't shown up.

 

With other brokers I've always received dividend payments pretty much straight away. Do you still think this is slow processing (by IG) or is there a problem?

 

Thank you...

Link to comment
  • 0
Guest G B Pipalia

GKP released dividend on 2 July but was not credited in to my IG account.Contacted helpdesk as well as corporate action team and got reply after two days that GKP did not give any dividend for past 18 months. So much awareness on part of IG. I had written that I got same dividend from X.O. (Jarvis group).

Copy of RNS was provided.Chatted three times without any resolution. Is there any hope ?

Link to comment

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • Posts

    • Sainsburys full year earnings and Unilever’s first quarter trading update both say the same thing, UK consumers are in for higher prices. The war in Ukraine, supply chain issues and the effects of ongoing Covid all to blame.      
    • US Dollar (DXY) Daily Price and Analysis US Q1 GDP may stall the greenback’s advance. A 20-year high nears for the US dollar. The multi-month US dollar rally continues with the greenback printing a fresh high today ahead of the first look at US Q1 GDP at 12.30 GMT. The US dollar basket (DXY) has been boosted by renewed weakness in the Euro and the Japanese Yen, as investors move from lower-yielding to higher-yielding currencies, while safe-haven flows continue to benefit the greenback. The US growth release later in the session is expected to show a sharp slowdown from the robust Q4 figure of 6.9%. The markets are currently pricing in growth of just 1% for the first three months of this year, with the slowdown mainly due to a reduction in inventory accrual over the quarter. This release is unlikely to move the greenback, unless there is a large miss or beat, as the Fed believe that 2022 US growth will be robust enough to let them tighten monetary policy sharply without damaging the economy. The latest US Core PCE data – the Fed’s preferred inflation reading – is released on Friday and this may have more effect on the US dollar than today’s GDP data. For all market moving economic data and events, see the DailyFX Calendar. The ongoing US dollar rally has been aided by weakness across a range of G7 currencies including the Euro, the Japanese Yen, and the British Pound. The Euro continues to battle with lowly growth expectations, exacerbated by energy concerns, the British Pound is mired by weak economic data, while the Japanese Yen is in freefall as the BoJ continues with its ultra-loose monetary policy.   The US dollar continues to press higher and looks set to break above 103.96, the March 2020 high. Above here the US dollar would be back at levels last seen nearly two decades ago. The March resistance will likely hold in the short-term, especially with month-end portfolio rebalancing at the end of the week, but US dollar strength is set to continue in the months ahead. USDOLLAR (DXY) WEEKLY PRICE CHART – APRIL 28, 2022 {{THE_FUNDAMENTALS_OF_BREAKOUT_TRADING}} What is your view on the US Dollar – bullish or bearish?   Apr 28, 2022 | DailyFX Nick Cawley, Strategist
    • While Tesla has nothing directly to do with Elon Musk buying Twitter - TSLA stock closed down 12% on news that Musk may have to sell stock and use other holdings to stand against the loan to finalise the purchase of the social media giant.        
×
×
  • Create New...