Shareholders, Stockbrokers Differ Over Unclaimed Dividends

Shareholders and stockbrokers have expressed different views over the Securities and Exchange Commission (SEC) directive to registrars of public companies that approved dividends be returned after 12 months to the paying companies.
Some shareholders that spoke with LEADERSHIP expressed dissatisfaction over the proposed rules, arguing that the Companies and Allied Matters (CAMA) should be amended before adherence to the proposed rules on return of unclaimed dividends to paying companies . Continue Reading