Add to Cash Transactions = Checked
Reason: You will receive the dividends in cash transactions and hence should check this so that your cash balance would balance.
Scrip Dividend = Checked
Reason: To indicate that this is a scrip dividend transaction
StockCode = The company/stock that is issuing the shares
Units Purchased/Sold = Shares that you will receive.
Price Paid/Received = Total amount that you would receive if you have chosen cash / Shares you will receive
Date = ExDate of the dividend
Reason: It is important to set this to the ExDate so that StocksCafe can know that this scrip dividend transaction is for which dividend.
Portfolio = The portfolio that would have received the cash dividend if you did not opt for shares
Reason: It it important to set this correctly. Again, so that StocksCafe can know which dividend is this scrip dividend transaction is for.
Currency = Currency in which the amount the dividend is given in (or leave it blank if the trading currency is same as dividend currency)
Fees = 0 (or just leave it blank since default is 0)
Total after fees = Total amount that you would receive if you have chosen cash (or leave it blank as it would be auto compute as Units x Price)
Reason: It is important to ensure that it is the same as you would have receive if you have chosen cash as it is how StocksCafe know how much dividends you have re-invested.
Hi, i just did an update on the script collected for Mapletree NAC Tr following exactly the steps above.
my shares did increase, but the cash dividend collect did not subtract off, the result seems to conclude that i had script and cash (equal to script amount).
Basically the dividend amount before i update script and after remains the same, is it meant to be this way or did i miss any step?
Hi, it’s the first time I am receiving scrip dividend and I am still a little confused about it despite reading the guides. Let’s take the recent scrip dividend exercise by OCBC for example. Am I correct to take the total dividend I am supposed to receive, divided by the total number of shares I receive? For example, I am supposed to receive 95.4 and got 13 shares. Would my units purchased/sold be 13 and price paid/received be 95.4 divided by 13 = 17.338. When I did this, the price on the transaction page is red and the total is also red when I mouse over. Is this normal? Thank you.
This is likely due to the date of transaction. StocksCafe assumes that the date of transactions should be ExDate of the dividend. (I remember some requested to add in PayDate as well but forgot if I already did it)
Hi, 1 question over here using the OCBC scrip on 7th October
Lets say we are suppose to be getting a original dividend of SGD 127.2, but as we choose to get the shares instead at 7.81 and during this case, we would have a rounded up share of 17 shares (ends up to have a value of $132.77 (scrip value)
Currently the formula for the Total dividend in the table form is equal to the scrip value + cash amount
e.g. 3,898.22(total amount) = 132.77(scrip dividend) + 3765.45 (cash amount shown in the chart)
the total amount of 3898.22 for this case actually only covers the 127.2 (original dividend)
Therefore my question is whether the total amount formula be 132.77 + cash amount received from previous dividends pay out?
So this is still quite confusing to me, as I’ve started using the stocks.cafe with a bunch of pre-existing shares and some had a few scrip dividens that I chose to. Issue being I added those “trades” with $0 cost due to I don’t have the exact discounted per-share cost availble anymore, and what I know is I got say 1200 shares at what date.
That is fine in the proflio view (eg. overall market value is properly calculated). However I believe under the “Report” tab, there might be double couting in the Dividens. Eg. those counters I had added that had script dividends are still contributing to the “Dividends Projected Details (based on ExDate)” table…
What do you suggest to fix this properly? In the future I think I could do the above suggested way to enter the transcation using the discounted price, but what should I do for the previous “reinvested” shares?? Do I just live with them and ignore the incorrect (“inflated”) 2021 dividends?
There are two ways users generally think of and account for Scrip Dividends.
Remove dividend and then add the new shares at zero cost.
Do nothing about the received dividend and then add the new shares at actual cost (i.e. the dividend amount for the however many number of shares)
Personally, I recommend approach 2 because this is kinda what actually happens. The shares are not zero cost but at the cost of the dividends you would have received.
But either way work, it is your portfolio and you get to choose how you want to account for them
So, in your specific case. You have two options to “fix” the issue.
[If you want to follow the zero cost approach] Since you have 0 cost shares already, you can simply remove the corresponding dividends. Yes, you can “remove” dividends in StocksCafe and it will only affect your account. Simply go to this page and find the dividends and click on the delete icon.
[If you want to follow the it is “not really zero cost approach”] First, you can compute your discount price simply by the total dividends you would have otherwise received and the total shares received.
Discounted Price = Total Dividends / Total Shares
So, simply change those 0 cost into “Discounted Price” then it would work.
I’m trying to input some scrip dividends that happened in the past, eg MLT on 25/9/2018.
Based on your knowledge article, this section is causing some confusion for me
Based on this wording, I simply input the shares I would receive and the total amount I would receive if I had chosen cash instead, and I was expecting auto calculation
So I input this
and the total turns out to be
Perhaps you want to rephrase the description for Price Paid/Received? It’s actually the price per share that we have to manually calculate first then input (which is 41.64/40=1.041), but you stated Total Amount that caused me to be confused.