Div - stock dividend (non-cash)

LostCanuck
Member ✭✭✭
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
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
0
Comments
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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.0
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Yes. That is best method.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.
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This worked great...thanks everyone for the help0
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