Fidelity bank banner Bayelsa State banner
SEC extends e-dividend registration deadline to March 31

By Chinyere Joel-Nwokeoma on 07/03/2018

Share on facebook Yahoo mail icon Gmail icon Share on Google+

Views: 492


The Securities and Exchange Commission (SEC) has extended its free e-dividend registration deadline to March 31, the News Agency of Nigeria (NAN) learnt on Wednesday.

A senior management staff in the commission, who pleaded anonymity made the disclosure in an interview with NAN in Lagos.

The official said that the deadline was extended in principle for the third time for the operators to clear their e-dividend backlogs.

NAN reports that e-dividend refers to online payment of dividends to investors rather than through post.

The advantage of e-dividend is that it allows all accrued dividends to be credited to an investor’s bank account directly.

The aim is to stem the rising problem of unclaimed dividends in the capital market.

The source said that the main reason for the extension was to clear the backlogs and to work out details of how the parties involved in the exercise would get their share.

The source said the parties involved in exercise were the registrars and the Nigeria Interbank Settlement System, adding the appointed banks were currently working out the sharing formula for the registration fee.

He said that the commission would not come publicly to announce another extension, noting that no investor would be charged for delay in the registration until April 1.

The source said that low investors’ response to the exercise contributed to the commission’s decision to give room for enrolment of more investors.

SEC in June, 2017 extended the underwriting cost of investors’ e-dividend registration to Dec. 31, 2017 against the earlier deadline of June 30, 2017.

It also on Jan. 18 extended the deadline to Feb. 28, 2018, to encourage more shareholders’ participation in the scheme. (NAN)

Source News Express

Posted 07/03/2018 7:26:37 PM

 

Share on facebook Yahoo mail icon Gmail icon Share on Google+


 

CLASSIFIED ADS

 

You may also like...
EFCC arraigns 12 persons, vessel for oil theft...

My successors abandoned power project —Obasanjo

Era of impunity has ended in Rivers —...

Aiteo chief hires London lawyers to battle false...

Recruitment: Police disqualify applicants with tattoo

Navy raids Rivers illegal refinery, impounds products •Also...

DMO raises hope for economic recovery

HURIWA cautions FG on Timipre Silva’s corruption trial...

Needless brouhaha over NDDC Board tenure, By Achilleus-Chud...

FG probes PDP’s alleged hacking of Buhari’s records...

How Nigerian advertisers waste billions of naira on...

N458m contract scam: Court orders police to produce...

 

Latest News Ekweremadu: Should the Cicero return to the Senate? asks Law Mefor MTN Scandal: CBN defends sanctions on indicted banks, reassures foreign investors Ex-President’s son, 14 others banned from leaving Liberia over ‘missing’ $60m Priest commits suicide in church after assault claim Buhari orders IGP not to invite Senator Adeleke over alleged exam malpractice Family of 6 burnt in gas explosion Heads will roll if Osun governorship election is rigged: Civil society group warns APC paying security officials to rig Osun poll: PDP Sacked government officials in Benue abscond with vehicles Lawyer demands N600 million unpaid legal fee from Fayose ANN will deliver $4trillion economy within ten years — Presidential aspirant Olawepo-Hashim Choice of Kwara APC guber candidate will be rigorous, transparent —Minister

 

Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (394,638 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (375,788 views) Shameless Genevieve Nnaji exposes breasts in public (307,319 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (249,883 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (231,412 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (221,201 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (199,353 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (180,987 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (165,058 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (162,984 views) Lagos plane crash: Journalist releases victims’ names (157,661 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (146,529 views)

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (62) Business & Economy (3,610) Business Verdict (51) Columnists (930) Complaints & Requests (94) Enterprise & Opportunities (207) Entertainment (546) Features (651) Global Business Monitor (301) International (2,409) Interview (164) Live Commentary (28) Love Matters (143) News (38,984) Opinion (1,106) Pidgin (11) Politics (6,640) Religion (867) Sports (1,693) Stock Watch (33) AMA & Al Jazeera Global Update

 

CBN banner

Firstmobile banner

 

 

NEWS EXPRESS TV

I am Imo State's New Governor -- Okorocha's son-in-law Uche Nwosu...

 

APO Group Partner

 

 

CLASSIFIED ADS

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera

Advertisement