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 paid 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
The dividend paid per share. This value will become the unit price of the created transaction.
- Annual meeting date
The annual meeting date.
- Run based on*
An option to run a corporate action based on:
Ex-date. Define the ex-date and run the corporate action for all portfolio positions (settled and unsettled) that have a transaction date on the previous day or earlier.
Record date. Define the record date and run the corporate action for settled portfolio positions that have a settlement date on the previous day or earlier.
- Dividend ex-date*
(The field is shown if you choose to run the corporate action based on the ex-date). The dividend ex-date. The dividend is calculated based on the position amount in portfolios (settled and unsettled) on the morning of the specified date (i.e. the position after the previous day's transactions). This date will become the transaction date of the created transaction.
- Dividend record date*
(The field is shown if you choose to run the corporate action based on the record date). The dividend record date. The dividend is paid out based on the settled position amount on the morning of the record date. This date will become the transaction date of the transaction created. Note that you can't see dividends that are run based on the record date in FA Fund Management.
- 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.