Configuring DRIP (Dividend Reinvestment)

There are two ways to configure automatic dividend reinvestment, as well as a push notification setting.

Global

Tap Menu > Settings > Profile > Global Defaults

Locate the Div Reinvestment option and toggle it to ON.

Setting Mass Update DRIP to OFF will trigger a one time event that disables DRIP on each security across all portfolios. This option will remove all DRIPs, and is used primarily in the event that a user accidentally enabled DRIP and did not want it, and wants a simple way to clear all prior DRIP rows and not use the feature.

Setting Mass Update DRIP to ON will trigger a one time event that enabled DRIP on each security across all portfolios. This option does not insert any DRIP rows, but allows a nightly process to manage new pending (future) DRIP rows.

Setting Just Save Default (based on your initial ON or OFF choice) will be the new default for NEW securities you add. So if you set to ON, add a new security, that new security will default to future DRIP. If you want to use DRIP predominately, we suggest you enable it via this setting so it will always be ON.

Individual DRIP

From the summary screen, tap on a holding. Then tap ‘…’ in the top right corner to present the ‘More’ screen. Then tap ‘Edit’ and scroll down to the bottom to locate individual DRIP.

Enabling this option does not insert any DRIP rows, but allows a nightly process to manage new pending (future) DRIP rows.

Ticker Detail > More Screen

We couldn’t figure out how to add all this functionality on Ticker Detail, so it moved into a snazzy “More” section. Let us explain….

Most of these features are intuitive. Edit, Delete..

Peers has some extra crowd sourcing data! We all are curious to know what else is out there..

Dividend Reinvestment is another item that needs some explanation.

We have a back end process that runs every night and performs the following:

             ➢Scan all of your dividend stocks with a payment date after now and an ex-div date after the date you inputted into DivTracker.

             ➢Calculate DRIP Amount: (payment amount x shares) + (prior DRIP shares x payment amount)

             ➢Calculate DRIP Shares: (payment amount x shares) + (prior DRIP shares x payment amount) / share price

             ➢Create a ‘pending’ DRIP row to view at Ticker Detail > More > Div Reinvestment

             ➢Flip ‘pending’ to ‘paid’ once payment date is in the past

The DRIPs can be viewed under the “More” > Div Reinvestment screen. If you do not see one, or you see one incorrectly, you can edit and manipulate this information.

Ticker Detail Screen

Let’s take a look at the Ticker Detail screen. This is the main screen to display all relevant details related to an individual security you have in a portfolio.

The top part of the screen explained….

The middle section of ticker detail houses many key elements of data

  • Ex-Div date
  • Sector Update
  • Frequency
  • Next Payout
  • Yearly/Monthly/Weekly Income
  • Current/Your Yield
  • Stock % to your portfolio %

Dividend history and yield are up next!