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Re: Reinvestment Of Dividends

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Posted by Mark on March 28, 1999 at 12:41:09:

In Reply to: Reinvestment Of Dividends posted by Bob Doak on March 27, 1999 at 15:24:11:

: My broker will automatically, without commission, reinvest all cash dividends my individual stocks declare. Do I still treat this as two transactions,

: 1. Dividend, thus lowering the average cost and,
: 2. A purchase of additional shares

: thanks

Hi Bob,
No, just record it as a "reinvested" distribution. On the distribution dialog box, check the "reinvested" check box, and then fill in the shares/price information.

Thanks,
Mark
--
Mark Beiley

Fund Manager for Windows 3.1x/95/98/NT

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