Financial institutions need timely and accurate dividend information for accurate payment processing, mutual fund valuations and other portfolio accounting processes.
Whether it's a cash dividend with a stock option, or yield data on a money market mutual fund, income payment information is a critical component of securities processing. Interactive Data has a proven track record for providing high-quality dividend and income data.
Data is collected daily by experienced research analysts and edited for accuracy prior to release. Sources include stock exchanges, press releases, company filings, agents and clearing firms. For each announced event, Interactive Data produces a composite record that includes critical processing dates, rates and tax details. The event is then verified against the original source document, released to Interactive Data's comprehensive dividend database and made available to clients and downstream processing systems.
Interactive Data offers a variety of delivery options and formats, including daily updates and a full file service, and can identify whether a portion of a dividend payment is allocated as long/short term gains or return of capital.
Interactive Data Dividend and Income Service:
- Dividend coverage includes
- Equities, mutual funds, UITs, ADRs, ETFs and auction rate preferred stock
- Agency and whole loan-backed collateralized mortgage obligations, asset-backed securities, and commercial mortgage-backed securities
- Delivers a broad range of information, including:
- Stock, cash and optional or special dividends
- Fixed coupons and floating rate resets for non-North American issues and North American corporate bonds
- Payment factors for more than 1.3 million securities
- Daily interest accruals for fixed income mutual funds in the form of mil rates and yield data for money market mutual funds
- Tax status classifications including long- and short- term capital gains
- Provides online tools for historical research
- Offers customized reports
The Evolving Nature of Corporate Actions – contributed blog post by Charlie Price for the SWIFT Dialogue Website, March 2013