Div - stock dividend (non-cash)

LostCanuck

I am using Quicken 2018 R1 - Canada edition.

I get paid dividends in the form of shares for a income fund I hold.  I try to enter the shares received as a Div-Stock divedend (non-cash).  However, this command actually enters the transaction as a Stock Split and asks for the number of share in a decimal form of "New shares issued: ________ per share".  This forces me to manually calculate the number of per share units received.

Example.  I have 490.465 share units in the account.  The share units received as my dividend are 2.034.  I then need to calculate the per share units by: 2.034 / 490.465 = .004147084 per share units. 

This method causes rounding errors; not to mention the manual calculation required for each month's dividend entry.  I currently just add the shares using "Add - Shares Added" but this does not properly calculate the ROI.

Is there an easier way to do this? 

Cheers,

Randy

Unknown

I'd enter the transaction as a reinvested income. You can enter the number of shares you receive and either the per share price or the total amount and quicken will calculate the other field for you.

Arctic Hare

Kent Lazarus said:

I'd enter the transaction as a reinvested income. You can enter the number of shares you receive and either the per share price or the total amount and quicken will calculate the other field for you.

Yes. That is best method.

LostCanuck

This worked great...thanks everyone for the help