One cent 'dividend' paid 12/19/2019

daven

I received two 'dividend' payments of one cent per share today in my brokerage account. Anyone else receive such payments? 

gatorguy

Aren't those typically "test deposits" to confirm accounts?

daven

gatorguy said:

Aren't those typically "test deposits" to confirm accounts?

That would be odd as I had that account for years and have had Apple stock for years too. I've been receiving regular dividends for some time now. Good explanation though.

daven

update: It doesn't take long for companies to fix mistakes they make that are in the customer's favor. Etrade retracted the dividend. Here I thought I was getting a surprise Christmas gift. Oh well.

======================

You recently received an E*TRADE alert with the subject line "Dividend or Interest Paid," which indicated on December 18, 2019, your E*TRADE account was credited with two dividend payments on APPLE INC. (AAPL) shares.  These December 18, 2019, payments were made in error and have been reversed by E*TRADE.  We apologize for any confusion. If you have questions, call us anytime at ...

gatorguy

daven said:

update: It doesn't take long for companies to fix mistakes they make that are in the customer's favor. Etrade retracted the dividend. Here I thought I was getting a surprise Christmas gift. Oh well.

======================

You recently received an E*TRADE alert with the subject line "Dividend or Interest Paid," which indicated on December 18, 2019, your E*TRADE account was credited with two dividend payments on APPLE INC. (AAPL) shares.  These December 18, 2019, payments were made in error and have been reversed by E*TRADE.  We apologize for any confusion. If you have questions, call us anytime at ...

Thanks for updating...