Investors to Get Dividend 24 Hours After Profit Declaration

The Securities and Exchange Commission, SEC, has assured investors that they would now get their dividends 24 hours after their companies had declared profits.

Unclaimed dividends in the country are worth N90 billion and SEC said it is determined to address it by ensuring investors get their dividends 24 hours after their companies’ declaration of profits.

SEC’s Head Marketing Development,Henry Adekunle Rowlands, on Monday, January 11,  said at a road show in Abuja to enlighten the residents of a new e-dividend method that the Commission decided to launch the e-dividend, which refers to an online system of paying dividends to investors within 24 hours after declaration of profits.

Rowlands, who explained how the e-dividend works, said: “When companies declare dividends which are the profits meant for investors …rather than send it by private mail or post office mail, they would just wire it directly to your bank account.”