Recording a stock dividend?

Ed Livingston's Avatar

Ed Livingston

18 Oct, 2016 09:20 PM

How does one record a stock dividend in Moneydance? I have imported the transaction from my brokerage account and it comes in as a buyxfer. Any suggestions?

  1. 1 Posted by dwg on 18 Oct, 2016 09:28 PM

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    The action type should likely be one of Div, DivXfr or DivReinv depending on how the monies where handled and where they went to.

  2. 2 Posted by Tom Freeman on 19 Oct, 2016 10:30 PM

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    Was this a qif or ofx import, or online download? Which institution did this transaction come from.

    Was this a reinvested dividend?

    You can see how the transaction was coded by right clicking on the transaction and selecting show details.

    Tom Freeman
    Infinite Kind Support

  3. 3 Posted by Edward Livingst... on 19 Oct, 2016 11:17 PM

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    This was an online download from Merrill.

    The dividend was reinvested.

    Thanks,
    Ed

  4. 4 Posted by dwg on 19 Oct, 2016 11:20 PM

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    Did the transaction come in as two transactions a Dividend then a BuyXfr?

    If it did then changing the BuyXfr to a Buy may correct the problem.

  5. 5 Posted by Edward Livingst... on 19 Oct, 2016 11:58 PM

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    No, it just came in as a single buyxfer.

    It seems that I might record it as a divreinvest wit a zero cost.

    On October 19, 2016, at 7:20 PM, dwg <[email blocked]> wrote:

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  6. 6 Posted by dwg on 20 Oct, 2016 12:04 AM

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    The total cost should be the amount of Dividend that you would have received if it had not been reinvested.

  7. 7 Posted by Tom Freeman on 21 Oct, 2016 09:06 PM

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    Right click on the transaction and select show transaction details. You can scroll through and see how they coded the transaction. I have attached a screen shot to illustrate part of a div reinvest transaction.

    The only thing I can think of is if from Merill's POV the dividend is captured outside of this account and then used to buy the security. If you open up the transaction details and the transaction is recorded as a xfer is would show this.

    DWG is correct that the divreinv transaction should be with the total of the dividend as cost basis is adjusted by the dividend reinvest.

    Tom Freeman
    Infinite Kind Support

  8. System closed this discussion on 20 Jan, 2017 09:10 PM.

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