The "Cash-In-Bank" Guide: How to Ensure Your Dividends Actually Land!
Hello Everyone! We have talked about the Qualification Dates, but today let’s talk about the E-Dividend Mandate.
In the old days, you waited for a physical "Dividend Warrant" in the mail. Today, it’s all electronic. If you haven’t "Mandated" your account, your money stays with the Registrar.
Here is how to fix that in 4 easy steps:
Step 1: Identify Your Registrar
Not every stock uses the same office to pay dividends.
* GTCO & AIICO: Use Coronation Registrars.
* MTN & Dangote Cement: Use United Securities or Coronation.
* Zenith Bank: Uses Veritas Registrars.
* Check Your Contract Note: Your stockbroker’s app usually tells you who the registrar is for each stock you own.
Step 2: Download the E-Dividend Mandate Form
Go to the website of the specific Registrar (e.g., coronationregistrars.com). Look for the "E-Mandate Form." * You will need your CSCS Account Number and your CHN (Clearing House Number).
* Don't know them? Check your stockbroker's profile page or your monthly CSCS statement email!
Step 3: Get Bank Validation
This is the part most people skip.
* Print the form, fill it out, and take it to your Commercial Bank.
* The bank must stamp and sign the form to verify that the NUBAN account number you provided actually belongs to you.
* Pro Tip: Some registrars now allow Online Portals where you can upload your BVN and validate digitally, check their "Self-Service" portals first!
Step 4: Submit to the Registrar
Once stamped, you can either:
* Upload it to the Registrar's portal.
* Email a scanned copy to their support address (e.g., info@coronationregistrars.com).
* Drop it off at your stockbroker’s office, and they can often submit it for you.
Why This Matters Right Now:
With GTCO's ₦11.76 dividend qualifying on April 13th, you want your mandate to be active before the payment date on April 28th. If you do this now, the money will hit your bank account the same day it’s released, no stress, no unclaimed warrants! ️
Have you checked your "Unclaimed Dividends" list recently?
Hello Everyone! We have talked about the Qualification Dates, but today let’s talk about the E-Dividend Mandate.
In the old days, you waited for a physical "Dividend Warrant" in the mail. Today, it’s all electronic. If you haven’t "Mandated" your account, your money stays with the Registrar.
Here is how to fix that in 4 easy steps:
Step 1: Identify Your Registrar
Not every stock uses the same office to pay dividends.
* GTCO & AIICO: Use Coronation Registrars.
* MTN & Dangote Cement: Use United Securities or Coronation.
* Zenith Bank: Uses Veritas Registrars.
* Check Your Contract Note: Your stockbroker’s app usually tells you who the registrar is for each stock you own.
Step 2: Download the E-Dividend Mandate Form
Go to the website of the specific Registrar (e.g., coronationregistrars.com). Look for the "E-Mandate Form." * You will need your CSCS Account Number and your CHN (Clearing House Number).
* Don't know them? Check your stockbroker's profile page or your monthly CSCS statement email!
Step 3: Get Bank Validation
This is the part most people skip.
* Print the form, fill it out, and take it to your Commercial Bank.
* The bank must stamp and sign the form to verify that the NUBAN account number you provided actually belongs to you.
* Pro Tip: Some registrars now allow Online Portals where you can upload your BVN and validate digitally, check their "Self-Service" portals first!
Step 4: Submit to the Registrar
Once stamped, you can either:
* Upload it to the Registrar's portal.
* Email a scanned copy to their support address (e.g., info@coronationregistrars.com).
* Drop it off at your stockbroker’s office, and they can often submit it for you.
Why This Matters Right Now:
With GTCO's ₦11.76 dividend qualifying on April 13th, you want your mandate to be active before the payment date on April 28th. If you do this now, the money will hit your bank account the same day it’s released, no stress, no unclaimed warrants! ️
Have you checked your "Unclaimed Dividends" list recently?
