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Dele Ogbodo in Abuja
The Securities and Exchange Commission (SEC) on Monday kick-started a three-day road show sensitization campaign aimed at addressing investors' and companies’ shareholders’ N90 billion dividend that has remained unclaimed since September last year, using its newly introduced e-dividend registration platform in collaboration with banks and registrars.
The free e-dividend registration with banks, THISDAY gathered, will last for 90 days.
Making the disclosure during the sensitization around the major markets and parks in Abuja, SEC’s Head of Market Development Department, Mr. Henry Adekunle Rowlands, said the commission has observed over the years that investors into the companies’ shares suffered a great deal before they get their dividends and in most cases do not get them because of change of addresses.
He said: "The Commission observed that over the years investors into the companies shares have suffered before they could get profits on their investments and one of such profits is what we called dividend and before this time when dividends are declared by the companies where they have invested what we observed is that dividends are sent by mail post office mail and this takes over some months and sometime they don’t even come at all.
"And at some other times because investors change their addresses within a short while some of the dividend warrants don’t even get to them because their addresses have changed. So having look at it at September 30th 2015, SEC observed that dividend that are unclaimed at that time amounted to about N90 billion."
Dele Ogbodo in Abuja
The Securities and Exchange Commission (SEC) on Monday kick-started a three-day road show sensitization campaign aimed at addressing investors' and companies’ shareholders’ N90 billion dividend that has remained unclaimed since September last year, using its newly introduced e-dividend registration platform in collaboration with banks and registrars.
The free e-dividend registration with banks, THISDAY gathered, will last for 90 days.
Making the disclosure during the sensitization around the major markets and parks in Abuja, SEC’s Head of Market Development Department, Mr. Henry Adekunle Rowlands, said the commission has observed over the years that investors into the companies’ shares suffered a great deal before they get their dividends and in most cases do not get them because of change of addresses.
He said: "The Commission observed that over the years investors into the companies shares have suffered before they could get profits on their investments and one of such profits is what we called dividend and before this time when dividends are declared by the companies where they have invested what we observed is that dividends are sent by mail post office mail and this takes over some months and sometime they don’t even come at all.
"And at some other times because investors change their addresses within a short while some of the dividend warrants don’t even get to them because their addresses have changed. So having look at it at September 30th 2015, SEC observed that dividend that are unclaimed at that time amounted to about N90 billion."
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