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Recording Stock Dividends

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Author	Topic: Recording Stock Dividends
Shar Member	posted 09-20-2001 11:29 AM We own 38 shares of "A" stock. It had a stock dividend of two shares of a stock it owned,"B" stock. We received two shares of "B" stock with a total value of 33.86 and cash in lieu of 4.46. How do I record that? IP: Logged
Pamela Member	posted 09-20-2001 02:27 PM Please see entry on the investment transactions forum: Stock spin off [This message has been edited by Pamela (edited 12-31-2002).] IP: Logged
Pamela Member	posted 09-21-2001 08:07 AM If this is a straight stock dividend and not a spin-off (affecting original stock basis), then you would: 1. Deposit "dividend amount" (total value of stock plus cash in lieu). 2. Set up your new "Stock B" account in Chart of accounts. 3. Buy the shares including the equivalent fraction of Stock B. 4. Sell the fraction for the cash in lieu amount. I would put in a memo for all transactions that this is a stock dividend from Stock A. IP: Logged

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