Dangote Cement Plc shareholders’ unclaimed dividend increased to N4.7 billion as of December 31, 2023.
This can be found in the audited annual report of the 2023 firm that Nairametrics has access to.
A preliminary glance at the audited financial statement of the company, which was made available to the investment public and the Nigerian Exchange Limited, indicates that the outstanding unclaimed dividend has increased by approximately 6.82% from the N4.4 billion that the group announced in 2022.
The group announced that it would keep working with registrars to take action to guarantee that shareholders get their dividends.
It is recommended that shareholders who have not yet finished their e-dividend registration download the E-Dividend Mandate Activation Form from the registrar, which can also be found on the registrar’s website.
It is recommended that shareholders who possess dividend warrants and share certificates that have not been claimed, have not been presented for payment, or have not been returned for validation, finish the e-dividend registration process or get in touch with the Registrar.
Members were also urged by the corporation to inform the registrars of any changes to their personal information.
To ensure that they may profit from their capital market investments, regulators and quoted businesses have persisted in urging capital market investors to sign up for e-dividends. The amount of outstanding unclaimed dividends has increased despite these efforts.
The number of unclaimed dividends has increased due to a variety of factors, including shareholder deaths.
During the investment process, there are concerns with deceased shareholders who have no information about their next of kin, with applicants submitting numerous applications, and with certain registrars and organizations who lack the liquidity to pay purposefully denying investors their advantages through various strategies.
