SEC pays N30 billion unclaimed dividends

In a statement by the management of the Securities and Exchange Commission (SEC) on Monday in Abuja,  over N30 billion had so far been paid to investors in the Nigerian capital market from the backlog of unclaimed dividends, and that the commission had also extended the free e-Dividend enrollment to June 30.

SEC also stated that the advantage of the e-dividend was not only to enable investors collect subsequent dividends electronically but it also allowed all accrued dividends be credited to investors’ bank accounts. "The Commission therefore commits to further defray the cost of registration till June 30th, 2017, to enable investors continue to enjoy the free registration,” the SEC stated.

SEC, therefore, appeals to all investors in the Nigerian Capital Market to take advantage of the extended grace period by approaching their Bankers or Registrars for enrollment before the deadline.