Dividend Income & Incorrect Price

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  • Updated 3 months ago
Entering dividend increases quote/price for stocks incorrectly?? anyone else noticed this
Peter G
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Peter Gadd

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Posted 3 months ago

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Diver Dave

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Can you explain a bit more, Peter.  Were you entering a DRP in which case the purchase price would be added to the Price file - would be overwritten next time you update prices online, though.
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Peter Gadd

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Hi Dave, thanks mate, I reconcile daily, when a dividend is entered through "Record an income event, the system is dividing the Dividend amount by the number of shares held and the result is added to the Share Price which obviously gives an inflated price.  At least I am now aware of what is happening, even if I don't know why.
Peter G