How Do I Receive Dividends on Local Stocks?

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Written by Bode
Updated 4 years ago

Nigeria’s capital market regulator, the Securities and Exchange Commission (SEC), require that Registrars pay investors' dividends to their bank accounts.

Investors are required to fill their respective Registrar's e-mandate form (you can download below) and submit at the nearest branch of their Bank. That allows unclaimed dividends and subsequent dividends to be credited to investors' preferred bank accounts.

When you take the e-mandate form to your bank, ensure they stamp it and you make a copy of it. That is the evidence to show your Registrar as proof your mandate is complete.

However, some Registrars require investors to submit a Signature Lodgement Form to get their signature specimen. You can download the form here.

For the Signature Lodgement Form, you only need to sign in the space provided for the Transferee's Signature and send to us via post to 6 Osborne Rd, Ikoyi, Lagos.

Why do I need to send the Signature Lodgement Form via post?

Registrars require that investors' signatures are not scanned. They require a fresh signature.

Who's a Registrar?

A registrar is an institution responsible for keeping records of shareholders after a company offers their shares to the public.

When a company needs to make a dividend payment to shareholders, the firm refers to the list of registered owners maintained by the registrar.

What is my Shareholder account number?

There's a provision on all e-dividend forms to fill the shareholder account number. Your Registrar has that information, so it's best to leave it blank. But ensure you tick the companies you own on the form.
 
Aside from filling other details on the form, the most important details to fill correctly are your bank account details, CSCS CHN and other personal data. 

Do I have to fill this e-Dividend form every year for the same company?

No. You'll only have to fill the form once for a particular company. 

If I buy more shares of that same company, do I have to fill the form again?

No. You'll only have to fill the form once for a particular company. 

Download the e-Dividend form for the Registrar of the company you own below.

Registrars E-mandate forms  Companies
African Prudential  Click to download

- Africa Prudential PLC

- BUA Group

- CAP PLC

- Champion Breweries PLC

- CWG PLC

- Inifinity Trust Mortgage Bank PLC

- Jaiz Bank Plc

- Global Spectrum Energy Services Plc

- Med-View Airline Plc

- Omoluabi Mortgage Bank Plc

- Portland Paints & Products Nig. Plc

- SCOA Nigeria Plc

- Transcorp Hotels Plc

- Transcorp Plc

- UACN Plc

- United Bank for Africa Plc

- United Capital Plc

- UAC Property Development Company Plc

All Crown  Click to download

- BOC GASES NIGERIA PLC

- GREIF NIGERIA PLC

Apel Assets  Click to download

- INTERNATIONAL BREWERIES
Plc

- LASACO ASSURANCE
Plc

- NEM INSURANCE Plc

- PHARMA DEKO Plc

- THE INITIATES Plc

CardinalStone  Click to download

- AG LEVENTIS PLC

- BETA GLASS PLC

- CAPITAL HOTELS PLC

- ELLAH LAKES PLC

- FCMB GROUP PLC

- GUINEA INSURANCE PLC

- LAFARGE AFRICA PLC

- LAW UNION AND ROCK INS. PLC

- LIVESTOCK FEEDS PLC

- MORISON INDUSTRIES PLC

- NPF MICROFINANCE BANK PLC

- OKOMU OIL PALM PLC

- PREMIER PAINTS PLC

- ROYAL EXCHANGE PLC

- TOTAL NIGERIA PLC

- TRANS-NATIONWIDE EXP. PLC

Centurion  Click to download

- C & I LEASING PLC

- LINKAGE ASSURANCE PLC

- UNION DICON SALT PLC

DataMax Click to download

- AXA Mansard Insurance Plc

- Guaranty Trust Bank Plc

- Notore Chemical Industry Plc

- Seplat Petroleum Development Plc

EDC Registrars Click to download

- Afromedia Plc

- Courteville Bus. Solutions Plc

- Cutix Plc

- Dangote Flour Mills Plc

First Registrars Click to download

- ABC TRANSPORT PLC

- AUSTIN LAZ AND COMPANY PLC

- BOC GASES NIGERIA PLC

- CADBURY NIGERIA PLC

- CHAMS PLC

- DAAR COMMUNICATIONS PLC

- DEAP CAPITAL MANAGEMENT & TRUST PLC

- FBN HOLDINGS PLC

- FIDELITY BANK PLC

- HONEYWELL FLOUR MILLS PLC

- JULI PHARMACY NIGERIA PLC

- LEARN AFRICA PLC

- MRS OIL NIGERIA PLC

- NIGERIAN BREWERIES PLC

- OANDO PLC

- PRESCO PLC

- PRESTIGE ASSURANCE PLC

- PZ-CUSSONS NIGERIA PLC

- RAK UNITY PETROLEUM PLC

- UPDC REITS

FlourMills Registrars Click to download - Flour Mills of Nigeria
GTL Registrars Click to download

- Chellarams PLC

- EKOCORP PLC

- Eterna PLC

- GlaxoSmithKline Nigeria PLC

- Ikeja Hotels PLC

- John Holts PLC

- Julius Berger Nigeria PLC

- Meyer PLC

- Nestle Nigeria PLC

- Tripple Gee & Company PLC

- Unilever Nigeria PLC

- Union Bank of Nigeria PLC

- Union Homes REITS

- Union Homes Savings & Loans PLC

- University Press PLC

- WEMA Bank PLC

MainstreetBank Registrars Click to download

- AFRICAN ALLIANCE INSURANCE PLC

- UNIVERSAL INSURANCE PLC

- GOLDEN GUINEA BREWERIES PLC

- MULTIVERSE RESOURCES PLC

- OMATEK VENTURES PLC

Meristem Registrars Click to download

- BERGER PAINTS NIG PLC

- CONOIL PLC

- CONSOLIDATED HALLMARK INS. PLC

- CUSTODIAN INVESTMENT PLC

- eTRANZACT INTERNATIONAL PLC

- FIDSON HEALTHCARE PLC

- MUTUAL BENEFITS ASSURANCE PLC

- NEIMETH INT’L PHARMS PLC

- NIGER INSURANCE PLC

- R.T. BRISCOE NIGERIA PLC

- REGENCY ALLIANCE INSURANCE PLC

- SMART PRODUCTS NIGERIA PLC

- SOVEREIGN TRUST INSURANCE PLC

- TANTALIZERS PLC

- THOMAS WYATT PLC

- VITAFOAM NIGERIA PLC

PAC Registrars Click to download

- Capital Oil Plc

- Secure Electronic Tech. Plc

United Securities Registrars Click to download

- Access Bank PLC

- AIICO Insurance PLC

- Airtel Africa PLC

- Caverton Offshore Support group

- Dangote Cement PLC

- McNichols Consolidated  

- MTN Nigeria
Communication PLC

- Red Star Express PLC

- WAPIC Insurance PLC

Unity Registrars Click to download

- UNITY BANK PLC

- VERITAS KAPITAL ASSURANCE PLC

Veritas Registrars Click to download

- Dangote Sugar Refinery Plc

- Forte Oil Plc

- Guinness Nigeria Plc

- May & Baker Nigeria Plc

- Zenith Bank Plc

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