Search

Cash Dividends

Nonto
Nonto
  • Updated

Automate dividend distributions by accurately calculating payouts based on current holdings to ensure precise financial record-keeping.

Overview

Recording a Cash Dividend in Athennian allows users to manage payouts for specific Share Classes within an Entity. The system automatically references current holdings to determine the distribution amounts based on the defined price per share.

Availability: All Customers

Create a Cash Dividend

Follow these steps to record a new cash distribution for an Entity:

  1. Navigate to the specific Entity in question

  2. Scroll down to the Securities > Ownership section on the left-hand side of screen

  3. Select the Dividends tab

  4. Click the blue + New in the top right-hand corner of the screen

  5. In the New transaction modal, select Cash Dividend from the available transactions

  6. In the Cash Dividend modal, 

  • Select the mandatory Record Date* and Price per share*

  • Enter any other relevant details

   7. In the Holdings and Amount Paid tab, review the Current Holdings and calculated Amounts displayed within the workflow

   8. Click Create to finalize the record

  • Note: The Cash Dividend will calculate the payout based on what is owed as of the Issue Date.

Video Instructions: