Ippez Roberts created FINERACT-608:
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Summary: Share Dividends wrongly calculated
Key: FINERACT-608
URL: https://issues.apache.org/jira/browse/FINERACT-608
Project: Apache Fineract
Issue Type: Bug
Components: Shares
Affects Versions: 1.0.0
Reporter: Ippez Roberts
Assignee: Myrle Krantz
I have seen some behavior with Share Account and Dividend.
I initiated a dividend payout of 100,000 to 4 clients with shares as below
*Product>>Share Product>>Share Account (product name)>>Dividends*
||Name||Dividend Period Start Date||Dividend Period End Date||Dividend
Amount||Status||
|Share Account|01 January 2017|31 December 2017|100,000|Dividend Approved|
|*Client Name*|*No. of Shares*|
|Asienzo|38 (approved) 1 pending approval|
|Mureo|40 (approved)|
|Drani|6 (approved)|
|Amatura|0|
|*TOTAL SHARES*|*84 (approved) 1 pending approval*|
The distribution of dividend is as follow which to me is wrong.
||Client Name||Share Account||Dividend Amount||Status||
|Asienzo Clara|21-00001-0|29,260.01|Dividend Initiated|
|Mureo Stella|21-00002-3|61,078.95|Dividend Initiated|
|Drani Joseph|21-00003-1|8,192.8|Dividend Initiated|
|Amatura Women's Group|21-00004-0|1,468.24|Dividend Initiated|
*Justification*
# Dividend per share = 100,000/84 = 1,190.48 ==> This is because there are 84
approved shares, the 1 pending approval doesn't get dividend.
# Amatura Women's Group doesn't qualify for dividend because there is no share
purchased though they have opened a share account.
# To me the share distribution table should be as below:-
||Client Name||Share Account||Dividend Amount||Status||
|Asienzo Clara|21-00001-0|45,238.24|Dividend Initiated|
|Mureo Stella|21-00002-3|47,619.2|Dividend Initiated|
|Skyline Technologies|21-00003-1|7,142.88|Dividend Initiated|
|Amatura Women's Group|21-00004-0|0|Dividend Initiated|
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