One of my stocks is about to pay a 30% stock dividend. From this, I'll receive xx5.5 shs of stock in the same company. I'm quite accustomed to handling stock divs in Quicken, so there's no issue ... so far.
The difficulty is that, previously, all instances that I've seen of fractional shares received as a dividend have been handled in 1 of 2 ways:
1) the company just carries the fractional share on it's books, or 2) the company automatically sells the fraction and pays "cash in lieu".This company's doing neither.
Rather, they're ROUNDING UP everybody to the next whole share. So while 30% of my current holdings would be xx5.5 shares, they're going to actually distribute xx6 shares. Like any other stock div, my current basis will be re-allocated across ALL my holdings of this company ...
But I have NO IDEA how to record this in Q05 H&B.
Any thoughts on the matter?
TIA