More interested in this improvement (for myself at least). But glad to see this is being worked on in general
I’ve noticed that payments have lagged a little more recently than they used to. And could be improved when compared to competitors (HL are paying pretty much same day, or maybe next day at the very latest).
Do you have any insight into what kind of specific improvement we’re likely to see?
(Adam W - Associate Director - Brokerage Ops)
Sure, you should expect to receive US dividends the same day we receive them from our custodian, this is typically the day after the published pay date of the dividend from the company - this additional day is due to the need for our custodian to receive the dividends for all their customers from DTCC first, then reconcile and distribute. Hope this helps.
I did notice that the payment of dividends seemed to take longer and longer. It even got to the point where Trading 212 were paying the dividends days before FT for the same stock.
Fingers crossed the improvements will get FT back on track with paying the dividends to a more amenable timeline.