Today's update is about Dividends and other forms of Income you can track in Capitally. There's a whole article that describes it in details, but let's quickly go through the new stuff here.
Smarter automatic dividends
If you manually added or imported an income transaction, it'll prevent creating an automatic one if the transaction's date is anywhere between the ex-date and two weeks after the payment date. This means less cleanup work for you!
And yes, there's a Payment Date filled for most dividends, so you can immediately see when they'll arrive on your account. There's even a nice Upcoming badge and a Summary widget summarizing those!
By the way, support for confirming dividend record straight from broker statements is right around the corner as well!
Dividends paid in shares
Ever received dividends in shares instead of cash? Now you can record that in Capitally! Both fractional shares and full shares + residual cash are supported. Check out our in-depth article on how to use them.
Automatic reinvesting & DRIP support
For any asset, account or asset & account combination you can precisely control what to do with automatic dividends. They can be disabled, or reinvested - both with fractional and full shares. You can even set a % discount on share price, which is perfect for DRIP.
Estimated future income
Want to see what's coming up? You can now check all upcoming dividends in both the Transactions list and the metrics & charts. Just select a future date period like +1y or 2024. What's more, we'll estimate the future income years into the future - based on the historical performance.
Our estimation engine is pretty smart - it can detect multiple series of income events per asset (like quarterly dividends plus yearly special dividends) and estimate future events separately. It even estimates Rental income based on at least three rent payments!
There are additional metrics available based on that - Income growth, cadence and streak.
And more!
There are many small improvements throughout as always, but it's worth noting, that:
you can now assign tags to specific Asset & Account combination. Just edit the Asset or Account, and configure it in the Positions tab - just where you can set the Dividends handling
there are two new import templates - PKO and ING Bank Śląski