Nigeria Investing
Unclaimed Dividend
Definition
What is Unclaimed Dividend?
A declared dividendA payment made from a company's profits to eligible shareholders. not collected or successfully paid to the entitled shareholderA person or entity that owns one or more shares in a company..
Example in practice
How This Looks in Practice
Outdated bank details leave the dividend unclaimed.
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Related Terms
Nigeria Investing
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.