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Dividend Reinvest - Stock reports as Stock Split

BRETTB

I saw a post on this and it was closed. When I input and select ReinvDiv, Quicken converts to Stock Split???

Seems like a bug?

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Comments

q_lurker

There is a Stock Dividend transaction accessed by the Enter Transactions button that posts as a stock split. The Reinvest options are very different and I have never seen them err in that manner.

NotACPA

I previously held a stock that periodically paid 5% stock dividends. These downloaded from the FI (Empower if I remember correctly) as a 21 for 20 stock split.

SO, check to see what your FI (which is???) is actually downloading.

And, at what point in the process is this conversion happening? Immediately upon input (which I've never heard of happening) or during a download?

BRETTB

There is some issues that I see after further investigation.

Investment Register drop down appears to have 23 choices but if you click on the "Enter Transactions" box there is 27 choices.
On Enter Transactions>Reinvest Dividend I'm not using this one.
Instead on the Register on Drop down says "Reinvest Div" takes you to the "Reinvest - Income Reinvested" popup. I think this is where Quicken wants us to input these stock dividends and just did not fix the number 2 above.

q_lurker

It depends. On my general investment account, I find 41 options through the Enter Transactions button and 49 through the transaction list Action column pull down. Some of the Enter Transactions options pull up one form that relates to several of the pull down options (Bought form relates to Bought and BoughtX specific transactions). Some of the Enter Transactions have no single counterpart for specific transactions (Corp. securities Spinoff).
Enter Transactions does not offer a Reinvest Dividends selection. It offers "Reinvest - Income Reinvested" which includes dividends, interest, and other possibilities.
Stock dividends of the type @NotACPA and I referred to are accessed from the Enter Transactions button with this form and appear in the transaction list as Stock Splits:

Reinvested dividends are NOT the same as stock dividends. Reinvested dividends are where the company has issued a cash dividends to all shareholders and the individual shareholder has opted to have that cash dividend used to buy more shares of the security. Stock dividends are where the company has opted to give additional shares to their shareholders rather than a cash distribution. The individual share holder has no choice in how the 'dividend' is received.

It is not clear what real world transaction the OP is dealing with.

BRETTB

Thanks for the clarification!