Dividend Yield

[clay c]

Does Fund Manager have a way to correctly report annual dividend yields for newly purchased securities, where there is not any dividend transactions generated yet? Let's say you generate a quarterly performance report, and you want to see the annual dividend yields of your securities, where the yield is determined by using the previous 12 month distributions.

[Mark]

Hi clay c,

Yes, use the custom report field "Expected Dividend Yield (ending)". You will need to record at least one of the dividends paid. You can record it for a value of $0 since you owned no shares on that date, and then FM will prompt you for a per-share amount. It will use this per-share amount and the current closing price to calculate an annualized dividend yield. If you only record 1 dividend, FM assumes they are paid quarterly. If this isn't the case, then you need to record more than 1, so FM can figure out the frequency of the dividend payments.