E-Dividend Mandate
Definition
What is E-Dividend Mandate?
An authorisation linking a shareholderA person or entity that owns one or more shares in a company.'s holdings to a bank account for electronic dividendA dividend paid directly into a shareholder's designated bank account. payment.
Example in practice
How This Looks in Practice
The shareholder submits an e-dividend mandate through approved channels.
Keep learning
Related Terms
Nigerian Exchange
Nigeria's principal securities exchange, where listed shares, bonds, ETFs, and other instruments trade.
Nigeria InvestingNGX All-Share Index
A broad index designed to measure price movements of eligible equities listed on the Nigerian Exchange.
Nigeria InvestingCentral Securities Clearing System
Nigeria's central securities depository and clearing infrastructure for eligible capital-market securities.
Fund BasicsMutual Fund
A pooled investment vehicle that combines money from many investors into one professionally managed portfolio.