Shareholders satisfied with E-dividend mandates,says it will reduce unclaimed dividend

     

  Ms Bello Olowonikoko, Nigerian Shareholder’s Solidarity Association stated that E- dividend mandate is a mandate form  that  registrars issue to investors to complete and take it to their  bank for verification of their signature. Thereafter, the investor will  return  the form to the registrar concerned  for execution.

    E-dividend reduces a high percentage of unclaimed dividend because once dividend is declared by a company, the registrar will just post the dividend accruing to a shareholder directly into his bank account.

  Unlike the physical means of taking your dividend cheque to the bank,E-mandate dividend as an electronic means of posting  shareholders dividend directly to their bank account ensures everyone gets their dividend once its been declared and paid even if shareholders changes location.