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Confirming Dividends

When Metrifly detects a dividend event for one of your holdings, it creates a pending event for you to review. Confirming a dividend tells Metrifly to record it as income in your portfolio and tax reports.

Why Confirm Dividends?​

Metrifly detects dividends automatically, but it cannot know for certain whether:

  • You actually held the shares on the ex-dividend date (you may have sold before)
  • The dividend was paid as cash or reinvested (DRP)
  • The amount and franking credits match your actual payment

Confirming gives you control over accuracy.

Finding Pending Dividends​

Pending dividends appear in two places:

  1. Dividends page (Performance > Dividends) -- Filter by status: Pending
  2. Holding Income tab -- Pending events show a "Pending" status badge

Pending dividends list

Confirming a Dividend as Paid​

When a dividend was paid to you as cash:

  1. Find the pending dividend event.
  2. Click the Confirm button.
  3. The Confirm Dividend dialog opens showing:
    • Ticker and ex-date
    • Amount per share
    • Your share count at the ex-date
    • Total estimated dividend amount
    • Franking credits (for Australian stocks, if applicable)
  4. Review the details. Adjust if needed:
    • Amount per share -- Modify if the auto-detected amount is incorrect
    • Franking credits -- Enter or adjust the franking credit amount
  5. Select Paid as the confirmation type.
  6. Click Confirm.

Confirm dividend dialog

What happens: Metrifly automatically creates a DIVIDEND transaction in your portfolio with the confirmed details. The dividend appears in your Income Report and the holding's income tab status changes to Paid.

Confirming a Dividend as DRP​

If the dividend was reinvested as additional shares through a Dividend Reinvestment Plan:

  1. Find the pending dividend event.
  2. Click the Confirm button.
  3. In the dialog, select DRP as the confirmation type.
  4. Review and adjust details as needed.
  5. Click Confirm.

What happens: The dividend is recorded as a DRP event. See DRP for details on how reinvested dividends are tracked.

tip

If a holding is enrolled in a DRP, you can configure this in the holding's Settings tab so that Metrifly defaults to DRP when confirming dividends for that holding.

Rejecting a Dividend​

If a dividend event does not apply to you (e.g., you sold the shares before the ex-date, or it is a duplicate):

  1. Find the pending dividend event.
  2. Click Reject (or the dismiss/X button).
  3. The event is removed from your pending list and is not recorded as income.
note

Rejecting a dividend does not delete the underlying market data. If you change your mind, the event may reappear on the next sync, or you can add the dividend manually.

Bulk Processing​

If you have many pending dividends:

  1. Go to the Dividends page (Performance > Dividends).
  2. Filter by Pending status.
  3. Review each event and confirm or reject as appropriate.
tip

Process dividends regularly (e.g., monthly) to keep your income records up to date. This makes tax time much easier.

Franking Credits (Australian Dividends)​

Australian companies often pay franked dividends, meaning tax has already been paid at the company level. The franking credit represents the tax already paid and is relevant for your tax return.

When confirming an Australian dividend:

  1. Check the Franking Credits field in the confirm dialog.
  2. Enter the franking credit amount from your dividend statement (check your broker or the company's announcement).
  3. This amount flows through to your Income Report.

Troubleshooting​

ProblemSolution
No pending dividends appearMetrifly syncs daily. If a dividend was just announced, it may take up to 24 hours to appear.
Amount per share is wrongAdjust it in the confirm dialog before confirming.
Confirmed the wrong amountFind the created DIVIDEND transaction and edit it.
Dividend keeps reappearing after rejectionIf the same event reappears, confirm it and then delete the transaction if needed.