CHECK YOUR e-DIVIDEND REGISTRATION STATUS

Do you know that from June 30 this year, no physical dividend warrants will be issued to investors in the Nigerian capital market?

Then note this: The Securities and Exchange Commission of Nigeria has created a platform through which you can check your own e-dividend registration status.

Posted on its website since yesterday April 13, the notice asks investors to click on a link to unregistered investors to find out if their name appears on the list.

If your name appears, SEC Nigeria advises you to go to the nearest branch of your bank or the registrar of the company you invested in to obtain and fill e-dividend registration form to get registered.

This will not only ensure that from June 30, your dividends from companies you invested in will be paid directly into your choice account but also ensure that whatever is due to you based on any transactions on your behalf by brokers is promptly paid in too.

What's more, get registered now and avoid paying money to get registered after June 30.

The e-dividend registration exercise has been on since November 2015 at the expense of SEC Nigeria but this will stop to be the case from June 30.

The new payment platform for dividends and other monies due to investors was introduced to reduce mounting unclaimed dividends and also help ensure that brokers acting on behalf of investors do not sit on monies due longer than necessary.

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