Frequently Ask Questions
You can determine the number of shares you hold by adding up all your share certificates and holdings in CSCS, referring to your recent dividend warrant, or by contacting PAC Registrars.
- Filled change of address form
- Marriage certificate (original for sighting)
- Newspaper publication.
- Sworn affidavit
- Banker’s confirmation of signature.
- Letter of request.
- Valid means of identification
- Old documents in both names.
- Letters of administration
- Death certificate
- Newspaper publication.
- Newspaper publication/Gazette
- Valid means of identification
- Physical sighting of the administrators.
- Banker’s confirmation of signature.
Dividends are payments out of operating profits by a company to shareholders and are paid net of withholding tax (Currently 10%). It may be paid once a year (final dividend) or twice a year (interim & final dividend). We have however, seen cases when dividend is paid three times. (1st Interim, 2nd Interim & Final).
Prior to announcing year-end results of companies, dates are set out for the Closure of Register of members for the purpose of payment of dividend and issue of scrip popularly known as ‘Bonus’. These dates will determine the qualification for dividends and scrips. Hence, “cum div” or “cum scrip” means purchases before the Closure of Register will be entitled to all the benefits payable on the investment while “ex div” or “ex scrip”means purchases made after the entitlements were declared. Conversely, if you sell your shares before the Closure of Register, you sold so to say “cum div” and “cum scrip” and hence you will not enjoy the dividend or scrip to be issued at the coming AGM. The reverse is the case when you sell your share “Ex div” and Ex Scrip”.