I have been away for 2 weeks and returned to find Hoodless B have credited my div from PRTY shares on the correct date but Squaregain after 2 weeks plus are still hanging on to the money as it was paid out on 19th May-I don't think much of this. has anyone else had problems? HB has ad some criticism lately but in this case is due some credit.
squaregain inform me that all dividends paid in dollars have to clear and be converted but I should be paid by the end of the week! funny that HB can pay out near May 19th without needing to hang on to the money.
Out of interest I waited about 3 weeks for a dividend payment in dollars from HB. On another note, anyone know of any brokers that allow you to instantly reinvest dividends paid through nominee accounts? I assume the brokers must get huge sums as a one off dividend payment on all shares held in the nominee account. i know Halifax let you through the sharebuilder account but I dont want to drip feed my share purchases. Any ideas?