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Dividend

The dividend corporate action can be mainly used as a tool for recording dividends to your portfolios.

The dividend corporate action can be used as a tool to create transactions in other situations as well, for example when running an expiration of a bond. The dividend corporate action takes the amount for the transactions from the position of the chosen security in the portfolio, and uses the dividend per share defined in the corporate action as the unit price in calculating the trade amount of the created transaction.

The dividend corporate action can be recorded to the system through the Corporate action window with the following information (a star indicates a mandatory field):

Security*

The security the dividend is payed for. The amount of this security in the portfolio will determine the amount of the dividend transaction created.

Currency

The currency the dividend is paid out in. By default the dividend currency is the security’s currency. When the currency of the dividend is set to other than the security’s currency, the dividend transaction is recorded to your portfolios so that the dividend is calculated in the dividend currency and converted appropriately to security currency with the defined exchange rate.

Dividend per share

he dividend payed per share. This value will become the unit price of the created transaction.

Annual meeting date

The annual meeting date.

Dividend ex-date*

The dividend ex-date. The dividend is calculated based on the amount of security in the portfolio on the morning of the the dividend ex-date (i.e. the position after previous day's transactions). This date will become the transaction date of the created transaction.

Settlement date

The settlement date of the dividend, i.e. when the dividend is actually paid to the portfolio. This date will become the settlement date of the created transaction.

Transaction type*

The transaction type for the transactions to be created (if recording dividends, select "Dividend" or similar).

A new corporate action is created with the OK button below the corporate action information. Remember to run the corporate action to your portfolio(s) in order to create appropriate transactions to your portfolios.