Toss Securities to Pay U.S. Stock Dividends on Saturdays
Toss Securities announced on May 21 that it will begin paying out U.S. stock dividends on Saturdays.
Previously, domestic investors could only receive their dividends on the following Monday, even if the dividends were paid out locally on a Friday. With the introduction of Saturday dividend payouts, investors using Toss Securities will now be able to check their dividends on Saturdays without having to wait through the weekend.
The company explained that Saturday dividend payouts are part of Toss Securities' commitment to providing a "365-day, 24-hour seamless investment experience." Earlier, Toss Securities had already implemented holiday dividend payouts starting August 15 of last year.
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A representative from Toss Securities stated, "We have introduced this service to resolve the issue of delayed dividend payments that dividend stock investors have faced on Saturdays and holidays, thereby enhancing the convenience of fund utilization for our clients."
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