Dividend reinvestment

JASPILOT

My investment company only buys whole shares for Dividend Reinvestment.

that always leaves a remainder.

Is there a way to include the remainder as part of the Reinvestment window that automatically adds it to cash without doing a second entry for the remainder.

volvogirl

You will probably have to enter 2 transactions for it. Enter the whole Dividend to cash. Then enter the Buy new shares which will leave the remainder in cash.

splasher

https://community.quicken.com/discussion/comment/20447183#Comment_20447183

If the OP does that, they lose being able to declare the purchase as a "reinvest", I don't know if that is important to them, but it could be a deal breaker.

NotACPA

https://community.quicken.com/discussion/comment/20447186#Comment_20447186

Not sure what advantage there is to such a declaration. It's simply a div and a buy all rolled into one, which buys a new lot of the security.

The Div (for full amount) plus cash to buy whole shares (with cash left over) does the same thing.

Rocket J Squirrel

A Reinvest is not a Div and a Buy. A Buy increases Amount Invested. A Reinvest does not.

q_lurker

what @Rocket J Squirrel stated is true, though I don’t place any value on the Amount Invested parameter. Others do.

The other question I have is whether the shareholder has direct immediate access to the remainder. Does the agency managing the reinvestment process hold on to the remainder to combine with a later dividend to get to a later full share reinvestment?

I suspect the best actions are cash dividend received followed by full share buy.

NotACPA

https://community.quicken.com/discussion/comment/20447194#Comment_20447194

Which is an error on Q's part … since the Div received and subsequently invested (i.e., a Reinvestment) should be included.

q_lurker

It is not an error on their part, it is a decision. They chose to separately track Amount Invested and Amount Reinvested as distinct and different values with differing objectives. Not the choice I would have made, but I wasn’t asked.