ARM wants investors to beat June 30 deadline on paper dividend

Arms Investments, has called on investors to take advantage of ongoing free e-dividend registration sponsored by the Securities and Exchange Commission (SEC) to enhance documentations on electronic dividend payment.

The company its mails to diversified investors titled “The SEC calls for the investing public to take advantage of the on-going free e-dividend registration period” emphasized that in order to facilitate the e-Dividend registration exercise, the SEC has provided a platform for all investors to search for their names and ascertain their registration status by clicking a link.

Arms counselled unregistered Investors for e-Dividend, to take the electronic registration route that is simplified and easy.

“All investors, whose name(s) appear, are advised to simply download the registrar’s e-mandate form, fill it, and submit at the nearest branch of their Bank or Registrar to register for the collection of their unclaimed dividends and subsequent dividends electronically, as well as for the proceeds from their secondary market transactions to be credited directly to their preferred Bank Account (Direct Cash Settlement”

Meanwhile, the Securities and Exchange Commission (SEC) has re-echoed that that, as part of measures to curb the growth of unclaimed dividend in the Nigerian capital market, all investors are required to register for the payment of their dividends electronically (e-Dividend).

The capital market apex regulator reiterated the deadline of 30th June, 2017 to end paper dividend payment. The date SEC said will mark the end of issuance of physical dividend warrant and the end of free registration for e-dividend.