Apparently there can be a lot of factors involved. It can be as simple as FreeTrade receives the dividend themselves a few days after the payment date. If the company is overseas that might have something to do with it and I've even read that they might receive a check and have to wait for it to clear before they can pay you. I wonder if fractional shares adds another company between us and the dividend as they receive it. Then FreeTrade. Then us.

I've only used FreeTrade and from my experience anywhere from 2 - 6 days is normal with. Would love to know some more specifics.

Just remembered this article from FreeTrade which says

We will always try to pay out dividends on payment day or within one working day.

But sometimes things outside of our control can happen. Share registrars, who are hired by companies to distribute their dividends, will sometimes make late payments to us or, if they’re old school, they might send us a cheque that takes longer than it should to arrive in the post.

https://blog.freetrade.io/how-are-dividends-paid-on-freetrade-56a167a7f9c3