How to claim your dividends as MTN shareholder
In its recently published annual report, MTN Nigeria stated that over 9,500 shareholders are yet to claim their dividends.
The dividends are the annual returns the company disburses to shareholders, and these unclaimed dividends are the profits yet to be claimed by shareholders.
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MTN shareholders whose names appeared in the Company’s Register of Members are also entitled to the final dividend of N10.00 per 2 kobo ordinary shares (subject to necessary deduction of withholding tax) paid on March 27, 2023.
According to the Companies and Allied Matters Act (CAMA), dividends not collected within six months after a declaration by a company are unclaimed, but the investor has 12 years to make claims before it becomes statute-barred and forfeited.
Dividends that are unclaimed over a period of seven years can be borrowed by the government, through the Unclaimed Dividend Trust Fund. This loan can be used to finance the budget deficits in the country.
The process of claiming your MTN shares is simple and straightforward.
You can claim your dividends via the MTN website — www.mtn.ng. On the drop-down menu titled “Investors” tab, click “Shareholders”. Scroll down to “Unclaimed Dividends” and follow the prompt.
You can also claim your dividends via the Coronation Registrars’ website. The first step is to log onto the unclaimed dividends platform on the Coronation Registrars’ website.
Coronation Registrars Limited is the financial service company responsible for keeping records of MTN shareholders.
Afterwards, fill the E-Mandate form to commence your dividends payment process.
You will need to provide details such as your BVN, bank account, bank account name, phone number, date of birth, e-signature, valid ID, passport photograph, etc.
Ensure you are using the correct link whilst filling out the form, to avoid falling victim of cybercrimes or fraudulent activities
Ensure your correct information is uploaded, and all required documents are attached. Within four days, your unclaimed dividend will be paid, provided your information is correct.