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:
Navigate to the specific Entity in question
Scroll down to the Securities > Ownership section on the left-hand side of screen
Select the Dividends tab
Click the blue + New in the top right-hand corner of the screen
In the New transaction modal, select Cash Dividend from the available transactions
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.