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Retrieved vs Received Dividends

Questions about updating prices or transactions in Fund Manager

Postby Mary Kennedy » Sat Aug 24, 2019 10:19 am

DoubleDividends.jpg
DoubleDividends.jpg (64.16 KiB) Viewed 3134 times


Hi Mark. I am attaching a picture of the source of my dilemma. You can see that FM lists two types of transactions within my dividend-paying stocks. One is called "retrieved," the other is "received." I assume these are referencing the same transaction, as they come within days of each other. So if a dividend is scheduled for the 10th, the "retrieved" message might come on the 7th, and then the "received" message comes on the 10th.

My question has to do with how the total income is calculated. I am pretty sure the "retrieved" dividends are not counted. On the other hand, I tried deleting these from one stock and the total return went down as a result (this is obviously a stupid way to learn how the system works, bcs now I have to figure out how to recover the stuff I erased!)

My question now is how FM makes sense of these pairs of retrieved and received dividends when it calculates total returns. Is it double-counting dividends? Should I be cleaning those "retrieved" things out of the record?
Mary Kennedy
 
Posts: 102
Joined: Sat May 08, 2010 2:36 pm

Postby Mark » Sat Aug 24, 2019 4:44 pm

Hi Mary Kennedy,

It looks like you've double recorded your dividends. The one that says "Retrieved Dividend: 0.4 per share" in the memo is from Yahoo (Historical). The one that says "DIVIDEND RECEIVED" is probably from your broker when you do the transaction retrieve. Since you're retrieving transactions from your broker, you do not also want to retrieve dividends from Yahoo.

To fix this, just delete the "Retrieved..." dividends.

To prevent this from being a problem in the future, do not choose the option to retrieve dividends/splits from Yahoo (Historical). These are options when using this server. Since you're getting transactions from your broker, you don't want to also get them from Yahoo.
Thanks,
Mark
Fund Manager - Portfolio Management Software
Mark
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Postby silvan » Tue Nov 05, 2019 10:47 am

Hi Mark,

For now I don’t want to retrieve dividends, but when I retrieve actual prices from Yahoo the dividends are automatically recorded and I have to delete them manually (since I have been using the Professional Version). Maybe I am overlooking something, but I don’t see where I can choose (not) to retrieve dividends in the internet retrieve settings.

Thanks.
silvan
 
Posts: 47
Joined: Sat Apr 11, 2015 2:40 am

Postby Mark » Tue Nov 05, 2019 11:12 am

Hi Silvan,

The option is in the Yahoo (Historical) dialog. This is the only quote server that retrieves dividends, and when using it, you are given the option whether to retrieve splits or dividends, as shown here:

YahooHistDlg.png
Yahoo (Historical) Dialog
YahooHistDlg.png (6.48 KiB) Viewed 3029 times


Just un-check those options if you don't want to get dividends from Yahoo when retrieving.
Thanks,
Mark
Fund Manager - Portfolio Management Software
Mark
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Postby silvan » Tue Nov 05, 2019 11:39 am

Hi Mark,

Thanks for your quick reply.

I found the dialog and those options were already unchecked. The dividends are not retrieved using the Yahoo quote server for current prices?
If so, I don't understand why I retrieved the dividends because I didn't retrieve any historical prices using the historical Yahoo server. Are there other ways I could have retrieved them without retrieving historical prices?
silvan
 
Posts: 47
Joined: Sat Apr 11, 2015 2:40 am

Postby Mark » Tue Nov 05, 2019 11:57 am

Hi silvan,

Dividends can be retrieved from Yahoo (Historical), retrieved with the transaction retrieve feature, imported from a file, or manually entered. No other quote server besides Yahoo (Historical) retrieves dividends.
Thanks,
Mark
Fund Manager - Portfolio Management Software
Mark
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Posts: 11252
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Postby silvan » Tue Nov 05, 2019 12:24 pm

Hi Mark,

So if I understand you well, the dividends are also automatically retrieved from the normal (not historical) Yahoo quote server.
Is there also a dialog or another setting for this server so the dividends are not retrieved when I do my regular price retrievals?
I only see this dialog when retrieving historical prices.
silvan
 
Posts: 47
Joined: Sat Apr 11, 2015 2:40 am

Postby Mark » Tue Nov 05, 2019 12:42 pm

Hi silvan,

No, dividends are not retrieved when retrieving prices from the "Yahoo" quote server. That server only gets pricing data. The only quote server that can retrieve dividends is "Yahoo (Historical)".
Thanks,
Mark
Fund Manager - Portfolio Management Software
Mark
Site Admin
 
Posts: 11252
Joined: Thu Oct 25, 2007 2:24 pm
Location: Chandler, AZ

Postby silvan » Tue Nov 05, 2019 1:02 pm

Hi Mark,

Okay, thanks for the information. I will look further into it.
silvan
 
Posts: 47
Joined: Sat Apr 11, 2015 2:40 am

Postby gmow » Sat Dec 07, 2019 10:51 am

Mark, my current Yahoo Historical dialog does not have the dividend option just date range?
gmow
 
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Joined: Wed May 01, 2019 7:27 am

Postby gmow » Sat Dec 07, 2019 11:25 am

I found the issue, running personal edition. Only available on Pro Advisor.
gmow
 
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Joined: Wed May 01, 2019 7:27 am


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