Yes, you can create your own 1099 DIV and issue it to your shareholder. You will need to send one to your shareholder, a copy to the IRS, and to the state where your shareholder lives. Here is where to download all copies to be sent to the IRS, State, and your shareholder.
Please read these instructions for filing the 1099's. There is a lot of material to read but toward the end of the document states when the form needs to be submitted to the recipient and to the IRS. In this case, your shareholder needs to receive the 1099 DIV by January 31 and it needs to be received by the IRS by March 15. The state may have a similar date but you may wish to check the state where the shareholder resides. It also gives you the mailing address where to send this to the IRS. Just look under the section Where to File. There are also instructions how to file these electronically.
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