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: 495


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...
Gunmen storm Adamawa community with list, going from...

‘14-year-old minor is my girlfriend’, Man, 45, tells...

Kidnappers change tactics

Governor’s wife among 25 injured as VIP stand...

Nigerian Navy takes delivery of new war ship...

2015: MEND declares support for Buhari, knocks President...

Jonathan, Sambo to conduct Buhari, Osinbajo round Aso...

AMAECHI’S war against unemployment in Rivers: His METHODS...

Osun doctors call off seven months strike

Alleged Corruption: CSNAC asks Minister to suspend FUTA,...

RIGHTSView: N630B FOOD IMPORTS AND THE FLIGHT OF...

Assailants storm mosque, slit worshippers’ throats

 

Latest News BREAKING: Again, National Assembly postpones resumption •Extends break till October Osun governorship election null and void — Lawyer APC BOT member storms Atiku’s rally, bags query Osun Guber: PDP rejects INEC’s ‘inconclusive’ declaration INEC fixes date for run-off election in Osun Ekiti PDP aspirants vandalise secretariat, reject alleged imposition by Fayose Konga to invest N2.9bn in Kxpress to resolve e-commerce delivery issues in Nigeria Imo 2019: It’s Madumere or never for APC, says Nze Onuoha Obiano, Obi ‘two of the greatest leaders in Nigeria’ Osinbajo, Ambode lead eminent Nigerians to Lolu Akinwunmi’s book launch Three armed robbers shot dead in Ogun Youth development: Nigeria, country of focus, says U.S.

 

Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (396,622 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (376,799 views) Shameless Genevieve Nnaji exposes breasts in public (308,577 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (250,663 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (232,371 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (221,655 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (200,123 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (181,694 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (165,767 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (163,396 views) Lagos plane crash: Journalist releases victims’ names (158,184 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (146,931 views)

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (63) Business & Economy (3,625) Business Verdict (52) Columnists (933) Complaints & Requests (94) Enterprise & Opportunities (207) Entertainment (547) Features (652) Global Business Monitor (301) International (2,427) Interview (165) Live Commentary (28) Love Matters (144) News (39,089) Opinion (1,110) Pidgin (11) Politics (6,720) Religion (872) Sports (1,703) Stock Watch (34) AMA & Al Jazeera Global Update

 

CBN banner

Firstmobile banner

 

 

NEWS EXPRESS TV

Anthony Joshua vs Alexander Povetkin: Highlights

 

APO Group Partner

 

 

CLASSIFIED ADS

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera

Advertisement