RE: Dividend Payment16 Aug 2016 18:03
artman, I think its about expectation management and costs. Rightly you are free to move, well maybe not free but exit fees excepted, to where you wish. I too have queried when divis are paid with some of my brokers. iii are cheap and I expect some payments might be up to 10 days after the payment date. The previous broker paid out on the day, from their own funds and sorted it all out behind the scenes. It cost me a lot of money for that service and I was unwilling to pay, hence the move.
Another pays out on time but Im not sure how theirs is fixed as there has been no reason to question. Good luck with your search for someone better. Monevator website had a useful comparison list, it might be worth a visit