Africa Prudential Simplifies Registration for e-Dividend

By Dipo Olowookere

One of the leading registrars in the country, Africa Prudential Plc, has introduced a new system that will make the registration for e-dividend mandate form easier for shareholders.

One of the issues giving the Securities and Exchange Commission (SEC) many sleepless nights is unclaimed dividends because of its negative effect on the economy.

This is so because funds that should have been used by beneficiaries to boost economic activities in the country are trapped somewhere.

It was because of this problem that the apex capital market regulatory agency mandated publicly quoted companies to ensure that the cash rewards declared at the end of the year or twice a year in few cases are paid directly into the bank accounts of investors.

Also, the organisations were mandated to encourage shareholders to register for the e-dividend in order to reduce the number of unclaimed dividends in the system.

Business Post observed that since this system was introduced, some shareholders have complained bitterly about the rigorous process involved in getting the reward of their investments.

However, Africa Prudential has heard shareholders’ lamentations and has made things seamless for them by introducing an online filling of e-dividend mandate form.

Instead of the old way of downloading the form, printing it out, filling and then submitting to the bank or the registrar, shareholders now have to only sit at the comfort of their homes or offices to do all these online.

The company released a link to allow those who bought shares of companies they handle register for the e-dividend without any stress.

Feelers from those who have used the service confirmed that it has made registration for the e-dividend easier, urging other registrars to emulate Africa Prudential.

Checks by Business Post showed that shareholders have to fill the necessary spaces with the vital information to enable the company to process the form.

Also, they will be required to upload their recent passport photographs, a specimen of their signature as well as a valid ID, which could be a driver’s licence, national ID, voter’s card or an international passport.

After all the necessary details have been provided, shareholders will have to click on the Submit Form button at the bottom of the form.

Below is the link to the e-dividend mandate form

https://africaprudential.com/claim-your-dividend-here/?utm_medium=Email&utm_source=Zenter-System&utm_campaign=%2320619+%3D%3E+3+STEPS+TO+CLAIM+YOUR+DIVIDEND&utm_content=8a068223a225c5ebe9e2d413fe9e63638e89f300&fbclid=IwAR1aWO661xrqrOmxozpnJ9q0xTg_Po518G-BUnhsyy_cP-miDFvR0MVKyvY