Dividends

Frequently Asked Questions

• When are dividends paid to shareholders?

  Dividends are paid on a yearly basis as and when declaration is made by the Board of Directors. It is either credited into the shareholder’s bank account or a cheque is issued in favour of the shareholder.

• Why have I not received my dividend during the past years?

  A shareholder might not have received his dividend for various reasons as detailed below:

  • change in the residential address of the shareholder;
  • closure of bank account number of the shareholder;
  • wrong dividend disposal instructions given by shareholder.
• What happen to the shares / dividend of a deceased shareholder?

  Deceased Shareholder(s)

  In case of a deceased shareholder, heirs are required to proceed with a transfer of shares (please refer to “Transfer of Shares”), during which process all the unclaimed dividends (stale cheques or otherwise) of the deceased shareholder will be transferred onto heir(s).

• What if the dividend cheque(s) is/are lost?

  In case the dividend cheque(s) is /are lost, the shareholder will need to fill in an indemnity form (see below) and submit same in original to our office together with the following:

  • Copy of NIC or Passports are accepted (Photo and Signature should be visible; if shares are held jointly, both NICs or Passports are required); and
  • Fee of Rs 100 per lost Dividend cheque.

  Downloadable Forms

  SIT Indemnity for lost cheque form (SIT/IC/19) can be downloded here.
  SITLH Amendment form (SITLH/IC/20) can be downloded here.

  (Kindly contact the SIT Office for payments of relevant fees)

• What if the dividend cheque(s) become stale?

  In case the dividend cheque(s) has / have become stale, the shareholder(s) will need to send the following to our office:

  • A letter with a request to revalidate the dividend cheque(s) ;
  • All the stale cheques (original); In case of lost or destroyed dividend cheque(s), please refer to WHAT IF THE DIVIDEND CHEQUE(S) IS/ARE LOST?
  • Copy of NIC or Passports are accepted (Photo and Signature should be visible; if shares are held jointly, both NICs or Passports are required);
  • For Minors: Photocopies of Birth Certificates AND their responsible party(ies) must sign on thier behalf.