Missing monthly dividends for XTD | Investing | Discussion forum

Please be more specific in what you are talking about. The TDB ISA that pays interest via $10 units?

Pay date is June 10 for May distribution (monthly pay dates range normally between 7th and 10th of following month), give it another day, say by noon tomorrow, to see if it hits your TDDI account.

Nothing to do with TDDI, it's a Quadravest Capital Management product, I'd contact them if you're concerned with anything.

I'm not sure I would agree to post 5.
That's like having your weekly paycheck deposited a day late or savings interest payments posted a day late.

In any event this is the reply Quadravest sent me.

Thank you for your email.

Yes, a dividend was declared for XTD Class A shareholders on record as at May 30, 2025, payable June 10th. Please click here to view the news release which provides the dividend information.

We have not heard of any issues with the payment wire being sent to the financial institutions, nor have we had any additional investor enquiries. Once the wire is sent, it is then up to each firm to credit the appropriate investor accounts based on the number of shares held, therefore it may be a delay or error at the financial institution level which does occur occasionally.

Our funds are book entry only meaning we do not have access to investor account information or details. Therefore if you did hold XTD Class A shares on the May 30th record date, we recommend you please follow up with your financial institution directly if the payment does not appear.

Please let us know if you require additional information.

Kind regards.

QUADRAVEST
Investor Relations

This is a TDDI issue for failing to pay a dividend on the payment due date.
Has anyone experienced TDDI missing dividend payments on due the date?

Got the dividend now, back dated. Don't know if that is because I contacted my brokerage support or something else.

AltaRed said
In every case in every brokerage I have had accounts at for 20-30 years, recurring investment income payments (dividends et al) are posted the next business day (or two occasionally) after payment date and backdated to payment date.

It is simply the mechanism of back office processing which updates transaction activity of the day (Day 1) overnight and showing in one's account on Day 2. There is nothing nefarious about it.  

This is different in that it is a day later than all previous dividends. As well as the issue 2 months ago.

bhuc said
I'm not sure I would agree to post 5.
That's like having your weekly paycheck deposited a day late or savings interest payments posted a day late.

No, its not.

Brokerage accounts are not bank deposit accounts. They don't work the same way.

Dividends are also not owed to beneficial holders by the companies that pay them. They are owed to the registered holders (the brokerage firms or their depository) and are wired to them sometime on the pay date.

Even banks are allowed up to 2 business days to post direct deposits. There's special handling to achieve those same-day direct deposits. Payroll processing companies send post dated direct deposits early so that each receiving bank can make the funds avaiable at the open of business on payday. As a benefit, some banks will front the money after they receive the post-dated direct deposit to provide access early!

Same as AltaRed, I never seen dividends, maturing bonds, share redemptions, and others transactions posted same day in my discount brokerage accounts. They have been posted next day and backdated. That includes money from bonds that redeemed at maturity.