Subscribe to RSS feedScrip Dividends
By evankoh posted on 14 May 2019  -  18 views
Some companies/stocks regularly give the option to receive dividends as either cash or shares. Often, to encourage investors to choose shares, they would even offer them at a discounted price to the currently traded price.
All along, StocksCafe has always assumed that users would choose cash because it is easy to implement and in my opinion, that is what happens even if you chose shares. You received the cash and used that money to buy more shares. Many investors, however, would prefer to have a way to account for that.
Thus, last weekend, I dedicated some time to implement this. You can now tag transactions to be scrip dividends so that it is clearly accounted for which dividends you have chosen to take as shares instead of cash. You can also see how much dividends you have reinvested yearly.