Dividends

Depending upon the number of shares bought buy the clients and the time taken, Dividends can be posted to linked to savings account in finflux. For example, Number of dividends declared from the company is 2000 and Number of clients are 5. So depending upon the number of shares and number of days, this 2000 is divided and distributed to the clients.

One need to Initiate the dividend initially, then post dividend. Later on automatically respect batch job - "Post dividends for share" runs. Dividends gets posted to liked savings account.

On this page:

Tips- In either to initiate the dividend you need to have created share product & should have share accounts.

Beginning at the main screen, select Admin, then Products from the drop-down menu. This will launch the Products menu.

Select Share Products, Click on the created product >> Dividends

Initiate Dividend

Create Dividend

Please refer above Image, Below mentioned Details are updated with respect to the provided fields.

1 - Provide Dividend period start Date - Is the dividend start date, from this date dividend is applicable.

2 - Provide Dividend period end date - Is the dividend end date, from this date dividend is not applicable.

3 - Provide Dividend Amount.- Is the dividend whole amount to be issued.
4 - Click on submit button.

View dividend

In this example dividend amount is provided as 2000$, so it would split all the dividend amount among all client's share account.

Post Dividends

On clicking on the post dividends you are approving dividends to be posted. Until & unless post dividends is applied dividend doesn't get posted.

Respective scheduler job Post dividends will run the job and only then dividend gets posted to respective share accounts linked savings account.

In the below image, you could see that the dividend as been posted to linked savings account.

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