[GNC] Rounded Up/Down Share Purchase with Dividend

[jbonnett at internode.on.net]

So, you get $10 dividend plus a $2 franking credit. The only amount you can
do anything with is that $10, the franking credit only applies at tax time.

Now are you talking about a Dividend Reinvestment Plan (DRP) situation where
your dividend gets reinvested in new shares of the same company? If that is
the case, and the shares sell at $8, you will get one share and the company
will hang onto the other $2 until you use DRP again, so it has not really
vanished, it may help you get an extra share next time.

I personally do not track that held amount, but you could if you wanted to,
by creating a company related holding account. In my accounts that just ends
up in my brokerage account, along with held amounts for other companies
where I have DRP and gets drawn on perhaps next time I reinvest dividends. I
trust the company to track it for me.

John Bonnett

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