How should I account for scrip dividends, bonus shares, rights issues, etc?

faq

#1

You can simply enter a buy transaction at price SGD 0 (on the date the dividends/shares is given) and maybe add a note to yourself for clarity.

Although StocksCafe will give you a warning by visually highlighting the price in red, it is fine to ignore it. It is there just in case you have made a mistake in entering the price.

Also, you should remove the dividend collected from here using the remove link to prevent double counting.


#2

Hi Evan, I’m navigating via the App, and I can’t find the ‘remove’ link you mentioned, to remove scrip dividend from being double counted under the dividends that are auto added. Can help?


#3

Hi Alex,

Sure.

Please use desktop or laptop and click on this link. Then use control+f to search for “remove”. It should be there.

Please let me know if it is still not showing up.

Thanks,
Evan


#4

Found it! Sorry I didn’t know that function was only available on Desktop Browsers. Thanks.


#5

I was wondering whether to account this way for share units issued under DRIP - Dividend Re-Investment Programme for Reits, or to reflect as the true value re-invested (since the fractional units are not issued - means there is a slight difference in amount than if cash dividends were received). Would greatly appreciate any advice here! Thank you.


#6

Hi Julie,

I am not sure if I understand correctly. I almost always take cash :slight_smile:

I would suggest based on limited experience to always reflect true value/cost spent for investment.

Cheers,
Evan


#7

I always account for scrip dividends as shares but bought w cost price of dividends being issued. Is that not right?


#8

This sounds about right to me.