In this tutorial, we will show you how to create a new dividend payment and how Visten helps you to keep track of your DRIPs.
DRIP stands for a dividend reinvestment plan.
To start click on the New button on the Dividends page and enter all dividend payment details.
Enter the net dividend payment to the Net Paid Outfield.
Enter the tax percent value to the Deducted tax field.
Check the total price including tax and confirm dialogue by clicking the Create button.
Congratulations! You have just created a new dividend payment to keep track of your dividend income and its contribution to the overall return of your portfolio.
In case you reinvest your dividends, enable this feature in the settings by checking the “Supports DRIP” option.
Click again on the New button on the Dividends page.
A DRIP toggle button has been added to the dialogue window. You can reinvest your dividend now by selecting this option.
Click Create and Visten will automatically create a new Reinvestment transaction corresponding with your dividend payment value.
You have opened a new Investment labelled as DRIP in the Investments table.
Visten displays your reinvested dividends in a separate DRIP dividends table.