Fidelity Reinvestment of Dividend Income

Sbeaux7

My linked account shows the "dividend income" transaction but does not show a "reinvest dividend" entered into my linked account.

1. is there something special I need to do to automatically see this?
2. If not, is there a way to set up an automatic transaction (reinvest dividend) within the linked when the "dividend income" is posted?
3. The linked account balance in Quicken does not match the Fidelity account balance .

Jon

What I'm seeing in my Fidelity accounts is that if the dividend is from the core position then it shows up as a Dividend Income transaction. Since the core position is tracked as the cash balance in Quicken, having the dividend be a Dividend Income transaction causes it to add to the cash balance; if it was a Reinvest Dividend transaction it wouldn't do that & the cash balance wouldn't match.

However, if the dividend is coming from something that isn't the core position then it comes in as a Reinvest Dividend transaction.

I don't think there's any way to set up a rule that would automatically change a Dividend Income transaction to a Reinvest Dividend transaction. You'll have to make that change manually.

Jon

After reviewing my dividend downloads I do see one exception to what I posted above. In my traditional IRA account I switched the core position from SPAXX to FDRXX this month, so I got dividends from both, and both transactions downloaded as Dividend Income transactions. Since FDRXX is the current core position the SPAXX dividend should have been a Reinvest Dividend transaction.

My guess is that dividends from any MMF that could be core are being treated as if they are core even though only one of them can be core at the time the dividends are distributed. One of my other Fidelity accounts has cash in a MMF that cannot be selected as core and that came in as a Reinvest Dividend transaction as expected.

Boatnmaniac

Check your dividend and cap gains settings in your online Fidelity.com account: All Accounts > More > Account Features > Dividends & Capital Gains / Manage. Here is where you can tell Fidelity how to manage dividends and capital gains for all of your securities and accounts….as either reinvest or pay to cash.

If you want your Core Position MMF reported in Quicken as cash, be sure to select the option to have the dividends and cap gains deposited to cash in Fidelity.com. It makes no difference in how Fidelity.com will show that MMF in the Positions tab because by default that cash will still be reinvested as shares in that MMF in the background by Fidelity and will be reflected as such in the Positions tab but you will not see the reinvestment transactions there. Fidelity will also not download the MMF transactions into Quicken (unless you manually place a buy or sell order for that MMF on Fidelity.com which will then likely be downloaded as transactions into Quicken).

If you want your Core Position MMF reported in Quicken as shares instead of as cash, select the reinvest option there.

Important: Make sure that your Core Position setting in Quicken matches what your setting is on Fidelity.com. It will help to ensure that your downloads will match what you want to see in Quicken.

FYI: What I posted above was critical to Core Position reporting in Quicken prior to the Core Position designation options in Quicken being implemented back in November. I am not 100% sure that it has as much bearing since then but I can say that all of the initial Core Position reporting issues in Quicken that I experienced in Nov/Dec have been eliminated since I checked and corrected my Core Position MMF settings in Fidelity.com.

Jon

I have all my investments set to reinvest dividends, that's not the issue. And Quicken Mac does not have a "core position setting".

adrken

Since 2018 until November 2025 my Fidelity Brokerage account in Quicken downloaded a month end DivX income transaction and when accepted into the Fidelity Brokerage account the corresponding transaction for cash was automatically added to the linked checking account. However, starting in December 2025, the corresponding transaction for cash was NOT automatically added to the linked checking account and the cash balance would be incorrect. To work around this problem, I "edit" the DivX transaction it in the brokerage account but do NOT make any changes. Then click on "Ener/Done" and the cash transaction then miraculously appears in the linked checking account - and all is good.

Incidently, before the work-around, the transaction in the brokerage account does shows the correct transfer account, but somehow does not automatically transfer to the linked cash/checking acoount.

I think this problem probably stems from the switchover to Express Web Connect+ for Fidelity downloads.

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Boatnmaniac

I think you may be right about it stemming from the DC—>EWC+ migration. Over the last few months there have been various reports about Fidelity downloads being problematic with "X" type transactions (SoldX, BoughtX, WithdrawX). Maybe the cause is somehow common for all of them.

Also, as you noted, editing the downloaded problematic "X" transaction does seem to fix the issue. Thanks for posting this so others who are seeing this issue can know what to do to fix it, as well.

vnolin11

adrken " I "edit" the DivX transaction it in the brokerage account but do NOT make any changes. Then click on "Ener/Done" and the cash transaction then miraculously appears in the linked checking account - and all is good."

Agree.

I have been doing this every month end for DivX since the migration. BoughtX, SoldX and IntIncX all work fine.