The Securities and Exchange Commission says the electronic Dividend platform is a game changer in the market which will ensure that infractions are reduced to the barest minimum.
Director General of SEC, Mounir Gwarzo who stated this at a Town Hall Meeting in Abuja to sensitize the investing public on the e-Dividend registration currently going on all over the country, expressed satisfaction with the level of success recorded so far with the enlightenment programme.
He urged investors to take advantage of the service and visit their registrars or banks to register, which is free for the first 90 days, while a fee of N100 will be charged thereafter.
Gwarzo also listed the Direct Cash Settlement as a direct benefit to investors from the e-dividend registration as when they register for e-dividend, anytime their shares are sold, they would get the proceeds directly in their bank accounts.
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