The efforts of regulators and registrars have led to a reduction in unclaimed dividends to 5.05 per cent of total dividends declared in the last 10 years, the Institute of Capital Market Registrars, has said.According to the institute, this is a major improvement over the situation in the past when the level of unclaimed dividend was as high as 24 per cent.
The President, Institute of Capital Market Registrars, Mr. Bayo Olugbemi, said this in Lagos ahead of the institute’s 5th annual conference, which is scheduled to take place in Lagos on June 21.
