The Securities and Exchange Commission (SEC), has scheduled a Town Hall meeting tomorrow in Port Harcourt, Rivers State, with capital market stakeholders in furtherance of its sustained efforts to enlighten investors and the general public on the process and benefits of e-dividend in the South-South geo-political zone.
The meeting, which will also create avenue for discussing other contemporary issues in the nation’s capital market, will also provide an opportunity to throw more highlights on investment opportunities available in the market and how retail investors can benefit therein, amongst others.
It would be recalled that the SEC had in January 2015 commenced the e-dividend registration campaign in Abuja with a Road Show culminating in a Town Hall Meeting.
The Commission had announced that the e-dividend registration would be sustained despite the expiration of free registration deadline which and also enjoined investors yet to enroll, to continue with the registration at a cost of N150 only.
It stated: “Investors should continue to approach their banks or registrars, as usual, to seamlessly mandate their bank accounts for the collection of their dividends electronically, including unclaimed dividends, not exceeding 12 years of issue; as the N150 would not be demanded from them at the point of registration.
“The N150 fee would not be demanded from the investors at the point of registration or submission of completed e-dividend mandate forms, divergent views have begun to trail the Commission’s stance that investors yet to register are to bankroll the exercise at a marginal cost of N150” the SEC added.
The meeting in Port Harcourt tomorrow is expected to attract stakeholders from the South-South geo-political zone to share their experiences and interact with the regulators top officials with a view to ensuring that more investors explore the e-dividend opportunities.
