V Dividends and Royalties
Dividend and royalty payments made directly to the participant as a share of profit are countable.
 
NOTE Dividend and royalty payments can be received irregularly.
 
Dividends are generally received by owners of stocks or bonds in a corporation. Dividends represent a share of the distribution of a corporation's profits.
 
(See Credit Union Account for dividends paid on credit union savings accounts)
 
Royalties are generally received by one of the following:
 
Owners of land, grazing interest, mining or oil lease
Inventors
Authors
Composers
 
Key the IR PY Unearned Income Code in the INC TYP field on UNIC.
 
Funds left on deposit or converted into additional securities are not countable. (See Dividends & Royalties - FIAC)
 
NA EXCEPTION
Funds left on deposit or converted into additional securities are countable.
Key the IR ND Unearned Income Code in the INC TYP field on UNIC.