ECC dividend(s) only partially processed
Summary of User’s Issue and Solutions Discussed:
- Main Problem: The user, GetOffMyLawn, reported that only one of two expected dividends was processed, and the second dividend is still pending, leading to confusion and frustration.
- Solution Discussed: Fidelity representative mentioned that the pending dividend may take up to 15 business days to reinvest and noted that the recent market closure for Independence Day could have impacted processing times.
- Additional Suggestion: Fidelity encouraged the user to follow up via Modmail on Reddit for further assistance with their issue.
Here’s the full thread
ECC has declared 2 separate dividend amounts each month for a while, and both have been processed at the same time, a few days after pending in the accounts. However, only 1 of the dividends has been processed yesterday for drip. The other smaller amount is still pending. I tried to call, but the representative only repeated my words back to me and was not helpful. When will the 2nd dividend drip be processed?
Probably a few days.
never happened that way before
Hi, @GetOffMyLawn.
It sounds like you may have a dividend that is pending reinvestment in your account.
When a dividend is paid, it can take up to 15 business days for the dividend to reinvest, and some other securities can take an extended amount of time.
Please note that yesterday, the stock and bond markets were closed and do not count as a settlement day in observance of Independence Day.
I see that you also posted on our Reddit. If you’d like us to take a closer look at this with you, please follow up with us via Modmail there. 🟢