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Subject Author Date
2005 Investing center transaction entering Chris Ness 07-23-2006
Posted by Chris Ness on July 25, 2006, 7:13 pm
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 danbrown wrote:

>
> Chris Ness wrote:
>> I know that 2005 is passe, but I don't race to throw money at Intuit -
>> they have more than I do.
>>
>> Why, when I enter 'income reinvested' transactions, does the commission
>> add to the dividend amount not subtract?
>
> Because the "Total" box is the sum of the boxes above it ... including
> "Dividend" and "Commission" ... exactly as I'd expect
>
> I put the dividend amount in that box

The dividend is the total amount they issue you and the commission is
removed from that. It is not what is left over after the commission. Of
course I can work around it, but it is not eaxactly as I would expect.


Posted by Hank Arnold on July 26, 2006, 4:52 am
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 Chris Ness wrote:
> danbrown wrote:
>
>> Chris Ness wrote:
>>> I know that 2005 is passe, but I don't race to throw money at Intuit -
>>> they have more than I do.
>>>
>>> Why, when I enter 'income reinvested' transactions, does the commission
>>> add to the dividend amount not subtract?
>> Because the "Total" box is the sum of the boxes above it ... including
>> "Dividend" and "Commission" ... exactly as I'd expect
>>
>> I put the dividend amount in that box
>
> The dividend is the total amount they issue you and the commission is
> removed from that. It is not what is left over after the commission. Of
> course I can work around it, but it is not eaxactly as I would expect.
>

The "Dividend" that Q is looking for is the "Reinvested Dividend".

Regards,
Hank Arnold

Posted by DP on July 23, 2006, 11:39 pm
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Curious: How common is it to charge commissions on reinvested dividends?
I just doublechecked my Fidelity accounts that hold stocks (a brokerage
account and a Roth IRA) and neither charges commissions on dividend
reinvestment.



>I know that 2005 is passe, but I don't race to throw money at Intuit - they
> have more than I do.
>
> Why, when I enter 'income reinvested' transactions, does the commission
> add
> to the dividend amount not subtract? I put the dividend amount in that box
> and the shares amount in that box, type in the commission and poof the
> 'Total' is now bigger than the company gave me. So if I want the total
> right, I have to go back and subtract the commission from the dividend
> amount myself and call that the 'dividend' which it isn't.
> I forget this every time and have to go back and correct it. You
> would
> think that the computer would do it.



Posted by danbrown on July 24, 2006, 12:18 am
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In the situation where the company is doing the Reinv themselves ...
they sometimes buy the stock for the Reinv on the open market (rather
than issuing Treasury shares) , so Commissions are incurred and spread
among the participants.

OR, the company may engage in a combo of the two and eat the
commissions.

It's my understanding that Fido sometimes runs their OWN Reinv program,
wherein THEY manage the fractions and make the add'l purchases. On
these type of plans, Fido eats the commission (which, since they're a
broker/dealer, may be negligible/non-existant).

db


Posted by DP on July 24, 2006, 7:28 pm
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Yes, I'm in Fidelity's drip, not the drips of individual companies I own
stock in.



> In the situation where the company is doing the Reinv themselves ...
> they sometimes buy the stock for the Reinv on the open market (rather
> than issuing Treasury shares) , so Commissions are incurred and spread
> among the participants.
>
> OR, the company may engage in a combo of the two and eat the
> commissions.
>
> It's my understanding that Fido sometimes runs their OWN Reinv program,
> wherein THEY manage the fractions and make the add'l purchases. On
> these type of plans, Fido eats the commission (which, since they're a
> broker/dealer, may be negligible/non-existant).
>
> db
>



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