By Duleepa Wijayawardhana • May 21, 2013

Upcoming Changes to How Dividends are Paid

If you are on the Empire Avenue Stock Market, you will know that every day for several hours we do a "Daily Close" during which Dividends are paid to you from those you have invested in. This payout currently happens on a per investment basis. This process is about to change as follows:

1. Instead of many small payments, we will make one lump sum payment of Dividends into your Empire Avenue Eaves Bank account

2. You will have a way to view your full list of that day's Dividends. We are still deciding the manner in which this will be made available.

We are doing this for a number of reasons.

1. It will reduce the load through which we are experiencing during our Daily Close so that we can make the Daily Close go faster for everyone.

2. It will reduce the calls to our support as it is confusing to get many multiple payments into your bank account over several hours especially if you are not paying attention.

Please note, we are not changing the amounts paid out in Dividends with this update, but only when you receive the full payment. As part of this change we anticipate that our Daily Close will initially take just as long as now so you can expect that full Dividend payment to happen around mid-day Eastern  Time or thereabouts. Over time we hope to change when you receive your Dividend payout and the speed of the Daily Close in general.

We cannot tell you exactly which day this week or next the change will happen on this blog, we suggest you follow the Empire Avenue General Discussion community as we will post it there.

Disclaimer: Our owners, writers, and/or guest post authors may or may not have a vested interest in any of the above projects and businesses. None of the content on this blog is investment advice nor is it a replacement for advice from a certified financial planner.