DIVIDENDS AND INTEREST (INCOME) SR 13-36, 11/13 (MAM-A)

Dividends, interest, and royalties paid directly to an individual.

Treatment: Unearned Income for the adult categories of assistance

Unearned Income in the FANF categories when the dividends, interest, or royalties are paid from an exempt resource. Excluded income when the dividends, interest, or royalties are paid from countable resources.

Dividends which are automatically reinvested to purchase additional stock and interest which is automatically added to a cash account are not considered income. Consider them as a part of the resource to which they were added.

Treatment: Resource, see Dividends in PART 411, Common Types of Resources.