Dividends

Depending upon the number of shares bought buy the clients and the time taken, Dividends can be posted to linked to savings account in Mifosb. For example, Number of dividends declared from the company is 2000 and Number of clients are 5. So depending upon the number of shares and number of days, this 2000 is divided and distributed to the clients.

One need to Initiate the dividend initially, then post dividend. Later on automatically respect batch job - "Post dividends for share" runs. Dividends gets posted to liked savings account.

On this page:

Tips- In order to initiate the dividend you need to have created share product & should have share accounts.

Beginning at the main screen, select Admin, then click on Products from the drop-down menu. This will launch the Products menu.

Select Share Products, then Click on the create product then click Dividends.

Then click on Initiate Dividend

Create Dividend

Please refer above Image. Below mentioned Details are updated with respect to the provided fields.

1 - Provide Dividend period start Date - This Is the dividend start date, from this date dividend is applicable.

2 - Provide Dividend period end date - This Is the dividend end date, from this date dividend is not applicable.

3 - Provide Dividend Amount.- This Is the dividend whole amount to be issued.
4 - Click on submit button.

View dividend

In this example dividend amount is provided as 5000$, so it would split all the dividend amount among all client's share account.

Now click on Post Dividends.

On clicking on the post dividends you are approving dividends to be posted. Until and unless post dividends is applied dividend doesn't get posted.

Respective scheduler job Post dividends this will run the job and only then dividend gets posted to respective share accounts and linked savings account.

In the below image, you could see that the dividend has been posted to linked savings account.