Hi All
I'm starting to add re-invested dividends to my portfolio.
I think I'm doing it right by going into my portfolio, then clicking My Transactions > Dividends to add the dividend transaction.
In the "Number of shares" field, should I be entering the number of shares as held on X-dividend date?
Also, for the date, should I be recording the "Record Date" or the "Pay Date" showing on the broker transaction record?
A very good question, and one I don't have the answer to.
I have worked out a different solution to account for re-invested dividends. I don't add the cash amount of dividends to the portfolio. Instead I add the shares bought by re-investing the dividends and I do this at almost zero cost. I'm not sure that this is the best way to do it but it's fairly simple.
Yes, it looks like it calculates the total dividend paid so you would enter the number of shares eligible for a dividend and the dividend/share.
Thanks very much @eop001 and @nicowilson.
Entering my shares held on XD date and then the dividend rate is giving me a calculation that ties up with the gross dividend on the dividend transaction with my broker.
my Tip - Enter the security name or ticker first - or it can get a bit messy entering the divs, shares first. (might be a bug)
Yes, enter the number of shares on the x-div date, I pull this direct from the online broker screen.
I always use the pay date when entering dividends as the folio is essentially a cash account (money in money out). If you enter the ex-div date you will be out of balance with your broker account (which will be cash accounting basis) and will need to reconcile for these timing differences when comparing balances.
I tend to use the Stocko folios to be able to track the performance of my ISA's which are not all with one broker.
