Close for now Do you hold SG, US, HK or MY stocks? How are you tracking them now?
View our Demo portfolio to learn how StocksCafe will do it for you intelligently!
Sign up for free now!

Subscribe to RSS feed Displaying & Collecting Dividends in Exchange's Default Currency

By evankoh posted on 23 Oct 2017  -  19,559 views


Many stocks give out dividends and it is what many investors like about investing.

Often, dividends are listed in the currency that the stock is traded in. However, there are many exceptions to that, especially for foreign-listed companies. For example, United Overseas Australia Limited is traded in SGD but states its dividends in AUD.

In StocksCafe, I wrongly assumed that you would receive the dividends in the listed currency as it is not likely to be true. It would depend on your trading platform and based on my experience, it is often given in the exchange's default currency. Hence over the weekend, I made changes to StocksCafe to better handle these situations.

1) Include Exchange's Default Currency When Displaying - Example: United Overseas Australia Limited and Agricultural Bank of China Limited

2) Collect Dividends in Exchange's Default Currency - You can now state whether you prefer to receive dividends in the listed currency or the exchange's default currency in settings. Note that by default, I assume that you want it in the exchange's default currency.

3) Convert Past Cash Transactions to Exchange's Default Currency - As you might have past cash transactions that are associated to dividends which are not in the exchange's default currency, I have created links in the settings for you to convert all of these past transactions to the exchange's default currency if you like.

However, note that since it is not always stated what the dividend amount would be in the default exchange's currency, I will simply convert them based on the currency rate that StocksCafe has. If that is not good enough for you, you can always override dividends using this feature.

As usual, this issue is highlighted to me by users of StocksCafe. Thank you all for always giving feedback and suggestions to make StocksCafe better!

Happy investing!


Like
4 likes
3 comments

mithuprem - Hi Evan, noted thanks for keep improving stockscafe. What about those capital payment as dividends due to take over like CRT. Do you have plan to set the price to “0” if the dividend is more than 100%? Or else the portfolio value will be inflated.
23 Oct 2017 18:29:10

evankoh - Yes, those will be out in the next article :)
23 Oct 2017 19:31:00

mithuprem - Hi Evan, noted thanks..
23 Oct 2017 21:08:10



Next Article > < Previous Article
Delisting Dividends More Visuals for Closed Positions ...



List All Articles Other articles by evankoh

Dividends Projection
A little more than a year ago, I added a feature that projects how much dividends you are likely to receive for the current year in your Portfolio Report. Although it is a simple feature with naive assumptions, it is actually one of the top most-liked features. Hence, upon the request of Friends of StocksCafe, I spent some time over the weekend to include dividend projection in more areas of StocksCafe. ...

Improved Portfolio Reporting
One of the main goals of SGXcafe is providing a portfolio management tool. It is also one of the most popular features in SGXcafe. When I added the ability for one account to have multiple portfolios, it was quickly adopted and used by hundreds of users. However, at that time, you could not look at individual portfolio for the portfolio reporting tab and a few users requested to have this feature added. ...

My investment strategy
I generally prefer a buy and hold approach. It is because I view shares of companies as entitlement to profits, and profits of good companies would only increase over time even if their short-term share price fluctuates. Also, capital gain is not recurring income whereas dividend gain is, and the latter is important to me since I am investing to retire. Of course, the question would be how to differentiate ...