SEC Urges  Investors On e-Dividend 

The Securities and Exchange Commission has has emphasized the need investors in the capital market to register for e-dividend to  enable them reap the benefits of their investments therein

Mr. Dayo Obisan,the Executive Commissioner Operations of the SEC,said in Abuja that  the registration was  necessary to reduce the unclaimed dividends profile as well as increase liquidity in the capital market and the economy.

He hinted  that the e-dividend mandate forms are available on the websites of the SEC, registrars and even in some banking halls and therefore enjoined investors to download the forms, fill them out and submit to be mandated for e-dividend.

“The forms are readily available on the SEC website, the registrars also have the forms on their websites, even some banks have them in their banking halls. We therefore enjoin investors to download the forms, fill them out and submit, if they have any problems, they can readily reach the SEC through our various contacts. Once we receive such complaints, we will be able to put them in the right part of what to do to ensure they are mandated for e-dividend.

“Remember that they are not only going to receive their current dividend. Once they are successfully mandated, past dividends will be paid as well. We want investors to be able to get the benefits of their investments as that would also help to attract more investors to the market as well as deepen the market.

He added  said it  was the quest by the Commission to protect investors that necessitated the directive on Know Your Customer Update to Capital Market Operators.