it depends. if you have reinvested dividends, these get added into the cost basis. According to irs.gov, "you should keep records of the amount of the reinvested dividends, the number of additional shares purchased and the purchase dates. You'll need this information to establish your basis when you sell the shares. "
Although the IRS does not say this specifically, many companies will add reinvested dividends to your cost basis than pay you directly for the dividend. One advantage of this is the fact your capital gains will be less because of the increased cost basis in your account.
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