Post Dividends to Share Sub-Account

These steps explain how to pay dividends earned by a specific share sub-account.

  • These steps can be used in cases where a member wishes a dividend to be paid on demand or when an account is being closed.

  • If you wish to close the account after completing the steps below, follow the steps to close a sub-account.

  1. Launch Tool #22 Close Memberships/Accounts.

  2. Place a “1” beside Post dividends to a single account.

  3. Click the forward arrow.

  4. Leave the selection at Shares on the Demand Dividend Processing pop-up.

  5. Click the forward arrow.

  6. Enter the account number and suffix, along with the name ID, on the Share Type of Account Demand Dividend pop-up.

  7. Click the forward arrow.

  8. Enter the amount of accrued dividends in the Pay dividend of field on the Share Type of Account Demand Dividend screen.

  9. Click the forward arrow.