If your Fund holds Direct Equity or Hybrids, you may receive Dividends.
To add new dividend income received by your Fund, click the INCOME tab, then click the ADD NEW INCOME button.
Select the Account to which this income accrues (the Fund, or an individual member account).
Select the Asset that generated the dividend.
If you select Direct Equity or Hybrids, Mclowd™will display:
You MUST enter a value in both Franked and Unfranked Amount fields, even if the amount is 0.00.
If the dividend is fully franked, type 0 in the Unfranked Amount field.
If the dividend is fully unfranked, type 0 in the Franked Amount field.
If you selected Dividend or Interest, choose the Add to Account into which Interest or Dividend income will be deposited.
If you selected Interest in Income type, you can now enter the Date the interest was received and the Amount, and click SAVE INCOME.
If you selected Dividend Income, the Asset Description and Holding will display, with fields for you to enter the Unfranked Amount (if any), and Franked Amount.
Click SAVE INCOME to save.
The franked and unfranked components of a dividend should be noted on a dividend advice you should have received from the company. If you don't have that to hand, you can verify the franked and unfranked components of dividends from any company listed on the ASX by going to https://www.asx.com.au/asx/markets/dividends.do and typing the security code. There, you can find details of the last few dividends paid with record date, ex-dividend date, date payable, dividend type (interim or final), dividend amount per share, and franked and unfranked percentages. You will need to calculate the totals for your shareholding by multiplying the dividend amount by the number of shares held, and then, if the franked % is not 100%, multiplying by the franked percentage.
