In what appears like apathy arising from inflation and bureaucratic processes, over 300,000 shareholders of 10 blue-chip firms, despite a need for additional income, have failed to claim their dividends in the last five years, findings have shown. xxxxxx“The issue of securitisation or enforcement of digitalisation of dividends can be left open and businesses be directed to reinvest the dividend for each shareholder. xAjibola added that shareholders are often irked by the depreciating value of their dividends, year in year out, as the rate of inflation rises much faster than the rate at which the dividend rises. xxx“The SEC has given such shareholders amnesty to go and claim their shares and as people are claiming those shares, unclaimed dividends number will go down. He warned that the situation is capable of reducing retail investors’ participation in the capital market as well as escalating the increase of unclaimed dividends.

Source: The Guardian October 04, 2021 03:56 UTC