stock splits and cash in lieu
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Posted by Neil McWilliams on March 14, 1999 at 18:51:41:
Schwab offers automatic reinvestment of dividends but
when a stock splits, they do will only apply the split
to whole shares, providing cash-in-lieu for left over
partial shares. Needless to say, I need to correct for
the number of shares or Fund Manager has me owning too
many. Is the cash-in-lieu a sale of partial shares or
a dividend? I also have to relearn what to do whenever
there is a spin-off. This might be an area, with examples
that you would build into your help section in FM 4.
Thanks.
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