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Please Help Me Figure Calculation Problem Dividends

CathyGCathyG
edited January 2012 in Fund Discussions
I must not only be having a senior moment, I've been having a senior hour.. my mind is now mush and I'm not making sense of any of this.

I am trying to understand why there is such a large discrepancy between M* and Scottrade on dividend payout of a fund - and where M* could have obtained their figures. All my other mf investments' dividends match almost exactly between M* and Scottrade, so M* seems to be very accurate in auto adding these.

The fund is ADBLX. As of 12/29/11, I had 467.847 shares, showing NAV of $10.52, making total of $4921.75. I made no purchases or sales in December. On 12/29/11, ADBLX distributed 0.0153 Short term gain and 0.0504 Dividend Income.

M* shows that dividend amount as 14.9692 shares at 10.47 per share, for a total of $156.73 added.

Scottrade shows two entries, one for .050 (showing 467.163 shares in error), which shows 2.249 shares reinvested at 10.47/share (this adding $23.55), and
one for .015 on 469.412 shares, which shows 0.683 shares reinvested at 10.47/share (this adding $7.15), or a total of $30.70 added for this dividend by Scottrade.

If it doesn't take up too much time for you, could someone help me figure out this discrepancy?

Comments

  • AccipiterAccipiter
    edited January 2012
    How many shares did you have on Dec.28??? Is M* showing you a total dividend distribution for the year summed up or just the December distribution?


    Scottrade looks to be correct for the monthly distribution. assuming M* dividend distribution is correct on this page.http://quote.morningstar.com/fund/f.aspx?t=ADBLX

    number of shares on dec 28 * .0657 = amount to reinvest.

    amount to reinvest / nav = number of shares.

    Yahoo historical prices shows the nav to be $10.52 on Dec. 29 (said reinvestment date).
    but Google Historical prices shows the nav to be $10.47 on Dec. 29. so what, have we learned Google historical prices seem to be more accurate at the end of the year. (and I'm not talking adjusted prices).


    roughly if you had 467.847 shares

    467.847 * .0657 = $30.74 to reinvest.

    $30.74 / 10.47 = 2.94 shares purchased.
  • CathyGCathyG
    Reply to @Accipiter: THANKS SO MUCH, Accipiter! This was driving me crazy

    I had the 467.847 shares mentioned above, so am glad ST's figures are correct. I wonder what happened to M*s figures? They do show the $156.73 added as a SEPARATE entry on 12-29-11.
  • AccipiterAccipiter
    Reply to @CathyG:

    wash you troubles away with this:
    http://www.mutualfundobserver.com/discuss/index.php?p=/discussion/1900/fund-purchase-and-reinvestment-calculator/p1
  • CathyGCathyG
    Reply to @Accipiter: Thanks for the follow-up... I didn't have this link logged yet. This really was a simple problem I knew how to calculate easily before. It was just one of those nights where I was so tired that I couldn't think straight. I've been spending half my time every night just trying to fix Estate problems my sister has been causing, so brain maxed out lately.
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