Shareholders have lamented the rising unclaimed dividends in the capital market currently put at N190 billion, stating that unless the parties involved in the processing of the claims adopt robust technology infrastructure that would enable investors to process their unclaimed dividend at the comfort of their homes, the menace may not be eliminated in the capital market.
Nigeria’s rising inflation may have begun to take a toll on the value of dividends, coupled with apathy from stringent bureaucratic processes, therefore compelling over 420,000 shareholders of seven quoted companies to abandon their dividends in the past few years.
300,000 shareholders abandon dividends over inflation, red tape guardian.ng - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from guardian.ng Daily Mail and Mail on Sunday newspapers.