Dividends are not handled correctly if they are reinvested as most people do.
A while back I requested a change to allow for $0 cost purchases of equities to support manual entry of reinvested dividends and you were nice enough to implement it. Thank You! Again this was to support in Finance 2.0 the manual addition of transactions for Dividend Reinvestments ($0 cost) similar to what Finance 1.0 allowed.
However, as Finance 2.0 was additionally improved, Dividend information was added which broke the support for Reinvested Dividends in the "Gains". Automatic calculation of the amount of money made in Dividends based on the Dividend rate and the current quantity of shares is a nice feature. This dividend calculation remains compatible with dividends which are not reinvested but received as CASH. However for the majority of investors that reinvest their dividends the Summary Gains are now broken and there is no way for us to work around it, unfortunately.
For those with dividend reinvestment we have to manually enter the dividend as a "Buy" with 0 cost. Until this lot is sold it contributes to the "Total Gain Unrealized" (initial allocation amount plus profit) while in parallel the same dividend instance is included in the "Realized Gain" (initial allocation amount only). When all shares are sold the initial dividend allocation amount will be doubly included in the Realized Gain.
Basically there is now no support that I am aware of for Reinvested Dividends, manual or automatic.
Can a selector be provided for each equity in each portfolio of whether the dividend is to be reinvested? If REINVEST is selected this could then be used to automatically create a transaction for each dividend event or add a column to the "Dividend" tab/screen to show the subsequent gain?
Thank you for the consideration.
Randy
