Track dividend reinvestments

The dividend reinvestment feature in Sharesight allows you to record dividend reinvestments. You can choose to record a dividend reinvestment when you add or edit a dividend. When a dividend reinvestment is recorded, a dividend reinvestment trade for the new shares is recorded in your portfolio, in addition to the dividend record.

Important note: Select ASX and NZX listed holdings have an option to automatically record dividend reinvestments. This option is only available for companies that have offered a Dividend Reinvestment Plan (DRP or DRIP) and we have the DRP data available. In some cases the DRP price is available for some dividends of a holding but not all of them.

• Manually recording dividend reinvestments
• Enabling the automatic dividend reinvestment function
• Disabling the automatic dividend reinvestment function
• Deleting a dividend reinvestment
• Tracking residual balances

Embedded content: https://www.youtube.com/watch?v=TEPxEoen7QQ

Enabling the automatic dividend reinvestment function

When available, the automatic dividend reinvestment function can be accessed via the ‘Holding Settings’ section on the individual share detail page. The dividend reinvestment is enabled individually for each share holding.

To access this option, navigate to the holding page and click on the ‘edit holding’ tab.

Turning on the automatic dividend reinvestment feature will automatically create a dividend reinvestment trade for any system created dividends for which we have the dividend reinvestment plan data available. This means that a dividend reinvestment trade will automatically be recorded for any historic system created dividends, as well as for future dividends. The status of the system created dividends are indicated as ‘unconfirmed’.

If you do not want to create dividend reinvestment trades for your historic system created dividends you need to save these dividends first. Save any existing system created dividends by clicking on ‘confirm’ and then clicking the ‘save and confirm’ button (the dividend status will be changed to ‘confirmed).

The automatic dividend reinvestment function works best with DRP’s subject to full participation. For partial DRP’s, open each unconfirmed Reinvestment and adjust the default quantity Reinvested before saving.

Choose one of the options under ‘DRP Rounding’:

Tracking residual balances can improve the accuracy of automatically calculated dividend reinvestments by allowing you to specify additional rounding and carry-forward options as per the company’s DRP plan.

Select the best option that matches your DRP plan from the menu and click on ‘apply all changes’.

• Round down – Rounds down the shares allocated as a result of the DRP, so the residual value is lost.

• Round to the nearest – Standard rounding rules will apply.

• Round up – Rounds up the shares allocated as a result of a DRP.

• Round down and track balance – Rounds down the shares allocated as a result of a DRP, and any residual balance will be carried forward to the next dividend reinvestment. If you select this option your first unconfirmed dividend will have a ‘DRP balance’ of $0.00 by default (you may edit this if you wish). The balance is then carried forward for calculating the next dividend.

Important: If you select round down and track balance, it is vital to confirm dividends in chronological order!

Disabling the automatic dividend reinvestment function

The automatic dividend reinvestment function can be disabled by unticking auto DRP option. The dividend reinvestment is disabled individually for each shareholding. Turning off the automatic dividend reinvestment will automatically delete the dividend reinvestment trade for any system created dividends. System created dividends are indicated as ‘unconfirmed’:

If you do not want to delete the dividend reinvestment trades for your historic system created dividends you need to save these dividends first. Save any existing system created dividends by clicking on the dividend and then clicking the ‘save and confirm’ button (the dividend status will be changed to ‘confirmed).

Deleting a dividend reinvestment

To delete a dividend reinvestment click on the either the dividend record or the dividend reinvestment trade and un-tick the ‘dividend reinvested’ tick box, then click the ‘save changes’ button.

Tracking Residual Balance

The residual balance details are available under the ‘Your Investment’ section of the Summary tab.

Last modified on July 10, 2024 UTC