what is unclaimed dividend?

Question

what is the meaning of unclaimed dividend

Answer 1

Nope it is not that the payment to the Owner of the shares are due but rather due to the fact that the Owner of the shares may not have received the cheques due to the change of addresses etc.

This has always posses a problem in Many listed corporation with the exception of Singapore which has been dramatically reduced via computerisation and scriptless methodology.

Dividends paid to shareholders are credited into their bank account immediately via their share trading account that they have open with their brokers. henceforth. it does not matter where the shareholder have moved to or even when he is out of the country. they will automatically bank into the account. ** this is on the basis of assumption that people do not change their bank accounts as offen as their address.

Even when you have changed the address, the national registration systems will enable the dividend cheques to be sent to you via this systems even if you had changed your brokers or even changed your bank.

Answer 2

Unclaimed Dividend Definition

Answer 3

Unclaimed dividend are those dividend which have been paid by the company but they are not taken or claimed by the shareholder, the reason for dividend being not claimed may be ignorance or shareholder may have shifted to other place and therefore missed the dividend cheque. Unclaimed dividends are shown under current liability and provisions in the balance sheet of the company, since shareholder can claim these dividends any time.

Answer 4

When you have shares you get a payment every 6months, or year. That is called the dividend. I guess unclaimed means when for some reason they couldnt find you, or didnt give it to you

Answer 5

A dividend is the profit share (of a company) associated with the ownership of of company shares ................. if it's unclaimed I would presume that meant payment to the share owner was still due.