Free E-Dividend Registration Extended by SEC Till Feb 28th

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Enterprise Television-  Free E-Dividend Registration Extended by SEC Till Feb 28th

The apex regulator of the Nigerian capital market, the Securities and Exchange Commission (SEC) has announced an extension of the period for the free e-Dividend registration exercise till February 28, 2018.

This move is aimed at encouraging more shareholders to mandate their bank accounts.

The SEC announced that the free e-dividend registration exercise would continue in spite of the expiration of the initial December 31, 2017 deadline.

The Acting Director-General of SEC, Dr. Abdul Zubair, made the announcement at a recent press briefing, he said that all investors that were yet to enroll, were enjoined to continue with the registration exercise.

He was quoted to have said, “Such investors should continue to approach their banks or registrars, as usual, to seamlessly mandate their bank accounts for the collection of their dividends electronically, including unclaimed dividends, not exceeding 12 years of issue.”