Yes. Although 9-12 months is a long time, this is a realistic expectation for setting up a publishing agreement, registering your titles worldwide, and then the societies processing your information, and finally our royalties department processing your payment.
If you sign up with any publisher, this timeline is standard. See how the quarterly royalties schedule works here.
You are paid royalties when you are owed a minimum of $5.00, which is the least amount societies and Songtrust pay out.