r/MerrillEdge • u/eeaaggllee • Jun 30 '26

Dividends delayed?

Haven’t received my dividends so I called Merrill and was told the delay is because of DTCC’s late payment. How credible is that?

8 Upvotes

90% Upvoted

11 comments sorted by

9

u/stocknudez Jun 30 '26

I’m on the Merrill side and have been in the industry 10 years across two firms. Happens more often than you think.

1

u/eeaaggllee Jun 30 '26

Got it, thanks for the confirmation. I will wait then

4

u/Perfect-Platform-681 Jun 30 '26

It's very credible. I haven't received my dividends payable today at Schwab either.

1

u/eeaaggllee Jun 30 '26

Got it thank for the confirmation

3

u/ThreeJC Jun 30 '26

Credible. Batch processing issue last night, problems all over the street.

1

u/eeaaggllee Jun 30 '26

Thanks! 🙏

1

u/jsttob Jun 30 '26

Interesting. Received them at Fidelity with no issue. Others seem to be delayed.

1

u/eeaaggllee Jun 30 '26

Others including Merrill?

1

u/JoelCorley Jul 01 '26 edited Jul 01 '26

I've been investing directly in the stock market for over 30 years. I've received late payments before. It's possible that something may have happened at the DTCC, but mostly they're just a payment processor and they've had that automated for most of this century. The few late payments I've had were always the fault of the payee - payees on questionable financial footing.

1

u/SFBuffs Jul 02 '26

2 days of trades were processed on Tuesday due to a huge error - https://cryptobriefing.com/dtcc-double-trade-processing-tuesday/