How do I record a dividend reinvestment?

For some of my investments I have opted to receive shares in lieu of dividends, how should these be recorded?
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  • Recording dividends in Sharesight is currently a manual process until we are able to get Dividend Reinvestment Plan (DRP) price data loaded into our database.
    The dividend reinvestment feature is designed to assist you with recording dividend reinvestments. When this feature is enabled, you can choose to record a dividend reinvestment when you add or edit a dividend. When a dividend reinvestment is recorded, a buy trade for the new shares is recorded in your portfolio, in addition to the dividend record.

    The dividend reinvestment function can be enabled by clicking on the on/off toggle link in the options section (in the right hand side bar on the sidebar on the share detail page). The dividend reinvestment is enabled individually for each share holding.

    To record a dividend reinvestment, click on the dividend that is to be reinvested and then click the ‘Dividend Reinvested’ tick box. Record the date, quantity, and price of the new shares obtained. If you are recording a dividend reinvestment against an automatically created dividend, default values are provided in these boxes for you to confirm.

    When you enable dividend reinvestments for a share, you will receive an email alert when each new automatically created dividend is paid, reminding you to record the reinvestment trade.

    See also: Sharesight Help Documentation
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