Re: Income Trust and Reivested Dividends
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Posted by Mark on June 19, 2002 at 23:00:30:
In Reply to: Income Trust and Reivested Dividends posted by Bruce Woytuik on June 19, 2002 at 15:37:47:
: Mark,
: I have a couple of investments that are income trust funds that pay a monthly dividend. If the dividend is >= the share price, a share is purchased and the remainder goes into the cash account. If the dividend is < the share price, it all goes into the cash account. Right now I make a manual entry for both parts of the transaction. The problem is that none of the reporting reflects the true yields that the investment is producing.
: Is there a way to do this?
: Thanks in advance Hi Bruce, You can record the full dividend, no matter whether it gets transferred to
the cash account or not. Then, any amount that does get transferred to the
cash account would be a redemption. This will properly account for the
dividends in the yields. Thanks,
Mark
--
Mark Beiley
Fund Manager, portfolio management software for Windows 95/98/ME/NT/00/XP
/XP
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