Dividend (Transaction)
A dividend transaction records the cash payment received from holding a dividend-paying asset (stock or distributing ETF). It represents the portfolio-level impact of a dividend event.
🔑 Key Properties
| Property | Detail |
|---|---|
| Code | DIVIDEND |
| Cash effect | ⬆️ Increases balance |
| Asset effect | — (quantity unchanged) |
| Tax event | Yes (taxable income in most jurisdictions) |
📊 Event vs Transaction
| Concept | Dividend Event | Dividend Transaction |
|---|---|---|
| Scope | Global — affects the asset price | Personal — affects your portfolio |
| Example | "Apple declared $0.25/share" | "I received $12.50 from my 50 shares" |
| Recorded by | Provider or manual (Data Editor) | Broker report (BRIM import) |
| Chart impact | Diamond marker (◆) on price chart | Not visible on chart |
📐 Dividend Amount
The amount received depends on the number of shares held on the record date:
\[
\text{Dividend Received} = \text{Shares Held} \times \text{Dividend per Share}
\]
💰 Withholding Tax
Many jurisdictions apply withholding tax on dividends, especially for foreign stocks:
\[
\text{Net Dividend} = \text{Gross Dividend} \times (1 - \tau_{withholding})
\]
The withheld tax is recorded as a separate TAX transaction.
🔗 Related
- 💰 Dividend Events — How dividends affect asset prices
- 💰 Taxation — Dividend tax treatment
- 📈 Stocks — The primary dividend-paying asset class