club_cafe: Entering a 5% Stock Dividend

iras1 on

In a message dated 9/10/2005 2:38:31 P.M. Eastern Daylight Time, kpg625@bivio.com writes:

this is new to me -- but HNBC (Harleysville National Bank)
had a 5% stock dividend on 9/2/05. I know how to enter a
cash dividend. But how do I enter a stock dividend?

We got 3 more shares on top of the 70 shares we own.

I have tried entering the data via the "stock dividend" link
however it is asking a gross amount of the dividend and I do
not know what the gross amount is with a stock dividend.

A stock dividend of this sort is a split. A 5% stock dividend is a 1.05:1 (or 105:100 or 21:20) split. Note that you will receive either fractional shares, or more likely, cash-in-lieu of the fractional shares.

Ira Smilovitz

Kevin Gillogly on

IraS1@aol.com wrote:
> A stock dividend of this sort is a split. A 5% stock dividend is a 1.05:1
> (or 105:100 or 21:20) split. Note that you will receive either fractional
> shares, or more likely, cash-in-lieu of the fractional shares.
> �
> Ira Smilovitz

Thanks Ira. I could not get the stock dividend to match out
on my 70 shares. Bivio converted it to 73.5 shares when in
fact we have 73 share. I will look to make sure that the
remainder of the money went into cash. But everything else
(brokerage balances) looks correct. If I can't find the
error I will be back. <g>

Kevin Gillogly

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