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"It’s computerised for heavens sake"
It is, but not magic....
First you would run a trial run and reconcile the total amount calculated with the money received in the bank. Then you would carry out investigations on an account by account basis to identify data issues that have caused misreporting of holdings/negative balances/general trash data. Then once all issues are corrected you re-run the trial and confirm you have the right balance. Then you run the process to actually post the income on all accounts - which will be visible in the dividend history tab, and then a cash sweep job to move that money onto the client's cash account.
All the above steps require sign off, and/or validation from other operations staff.
In essence the money comes in in one batch to the nominee which then must be distributed by Halifax.
"It’s a one button press and all should be paid"
That's not how it works. I think I've waited about 5 business days for one or two dividends to come through, which isn't really acceptable, but to say it's a trivial amount of processing is wrong.
"Anyone one else currently reinvesting? "
I'm not currently, as don't want to increase my average cost, and am looking to increase holdings in a few more places purely for diversification, but the share price still looks like a bargain to me.