Recording stock dividends

[cshrimpt]

KMR pays dividends in shares. My statement has no price indicated, just says I have more shares. How do I record this distribution in FM? It will not let me enter a zero dollar transaction. This is a non-taxible event, so it should be recorded at zero dollars or somehow indicated it is non-taxable.

Thanks,

Craig

[Mark]

Hi Craig,

You can record this with a Split transaction. Use a ratio of <new shares> for <old shares>. For example, if you started with 100 shares, and ended up with 103 shares, record a 103 for 100 split.

[wizard348]

When I download transactions, the dividends usually come down as a transactions and FM automatically adds them to my totals. If I have it set to reinvest dividends, it does that for me too.

[AIM]

Mark,
Just want to point out that one may also need to delete the 'purchase' of the additional shares under Transactions otherwise shares would be double-counted. EEQ has this same situation and I have to manually record the 'split' and delete the purchase (transactions imported from Scottrade Inst).