Where to find the "missing dividends" on your performance report
As Client Support Manager at Sharesight, I sometimes receive queries from clients who query “missing” dividends on their performance report. This question is especially common at tax time, when investors double-check their dividend income in preparation of their tax returns. Let’s take a look at why this issue arises and where to find those missing dividends.
Locating missing dividends
Fiscal tax years for individuals vary around the world. In Australia the tax year ends on 30 June -- so we receive an influx of queries in July from Australian investors seeing dividends in their Taxable Income report, but not on their Performance Report.
The short answer as to why certain dividends may appear to be excluded is that the or ‘ex dividend’ (also called 'ex date' or 'action date') took place before the current month.
Let’s take a closer look by reviewing our ANZ holding. The Corporate Actions tab indicates that while the dividend ex date 09 May, it was only paid out to investors on 1 July:
As expected, the ANZ dividend is visible in the Taxable Income report for July:
However, as the ANZ dividend went ex on 09 May, it will not show up on the Overview Page or the Performance Report for the month of July:
Performance vs. tax: different reports for different purposes
It’s important to understand the difference between these two reports and how they treat dividends:
-
The Performance Report provides the performance of the holdings during the selected date range. You must have held a holding as at the ex dividend date for it to appear in this report.
-
The Taxable Income Report lists all dividend payments and interest payments received within the selected time period. It displays dividend and interest payments on the date that they were paid or credited to the investor.
I hope you found this article useful. If you have any questions, get in touch via the Help tab in your portfolio or in the Community Forum.
FURTHER READING
Track your dividend income with Sharesight’s income calendar
With Sharesight's income calendar, you can see past, upcoming and forecasted dividend payments laid out in an easy-to-read calendar view.
How everyday investors can access professional-grade portfolios
Model portfolios once reserved for advisers are becoming available to retail investors, offering professional design, transparency and flexibility.
Is your client data at risk? 5 questions to ask your tech provider
Protect client data with these five essential cybersecurity questions every financial adviser should ask their technology providers.