So, you get $10 dividend plus a $2 franking credit. The only amount you can do anything with is that $10, the franking credit only applies at tax time.
Now are you talking about a Dividend Reinvestment Plan (DRP) situation where your dividend gets reinvested in new shares of the same company? If that is the case, and the shares sell at $8, you will get one share and the company will hang onto the other $2 until you use DRP again, so it has not really vanished, it may help you get an extra share next time. I personally do not track that held amount, but you could if you wanted to, by creating a company related holding account. In my accounts that just ends up in my brokerage account, along with held amounts for other companies where I have DRP and gets drawn on perhaps next time I reinvest dividends. I trust the company to track it for me. John Bonnett -----Original Message----- From: gnucash-user <[email protected]> On Behalf Of [email protected] Sent: Thursday, June 8, 2023 3:42 AM To: [email protected] Subject: gnucash-user Digest, Vol 243, Issue 13 Send gnucash-user mailing list submissions to [email protected] To subscribe or unsubscribe via the World Wide Web, visit https://lists.gnucash.org/mailman/listinfo/gnucash-user or, via email, send a message with subject or body 'help' to [email protected] You can reach the person managing the list at [email protected] When replying, please edit your Subject line so it is more specific than "Re: Contents of gnucash-user digest..." _______________________________________________ gnucash-user mailing list [email protected] To update your subscription preferences or to unsubscribe: https://lists.gnucash.org/mailman/listinfo/gnucash-user ----- Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.
