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Firm boosts e-dividend with publication of policy of listed companies

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By Nkiruka Nnorom

THIRD Observers Nigeria Limited has joined in the efforts by the Securities and Exchange Commission, SEC, to drive the adoption of e-dividend initiative with publication of a book, ‘Dividend Payment Profiles of Listed Companies’. The publication, according to the company, would complement its annual Dividend Payment Awards for Nigeria’s listed companies, now in its second year.

The maiden edition of the dividend payment awards was held on February this year with 10 listed companies conferred with various honours for their respective years of dividend payments starting from a minimum of 10 years and above.

Securities and Exchange Commission

According to the Managing Director of Third Observers Ltd, Mr. Abiodun Ayodele, the publication of the dividend payment policies of the listed entities will help reduce the continuously rising volume of unclaimed dividends in the capital market by motivating more shareholders that come across the book to enroll for the electronic collection of their dividends as mandated by the apex regulator of the Nigerian capital market, the Securities and Exchange Commission, Nigeria. ‘The book will also promote the Nigerian capital market as a place of regular dividend income for Nigerians that develop the interest to become shareholders of quoted companies in the country,” he said.

SEC extends deadline for shareholding consolidation by one year

Ayodele explained that the book will be updated every two years to keep the investing public abreast of prompt information on dividend incomes declared by listed companies in Nigeria and to ultimately increase the number of Nigerian shareholders with equities holding in listed companies.



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