- The Invisible
- Posts : 2920
Join date : 2016-11-28
Age : 41
The Colombo Stock Exchange (CSE) said it has got several complaints from shareholders that they had not got dividends within the stipulated time.
Some listed firms continued to post cheques to the postal address of CDS account holders or their banks, causing undue delays to the inconvenience of shareholders, the CSE’s chief regulatory officer Renuka Wijayawardhane said.
A statement said listed companies should not post cheques to shareholders or their banks.
All listed firms are required to directly credit dividends to the bank accounts of shareholders within seven market days from the ex-dividend date.
- Ethical TraderTop contributor
- Posts : 5567
Join date : 2014-02-28
- කිත්සිරි ද සිල්වාTop contributor
- Posts : 8721
Join date : 2014-02-23
Age : 62
Location : රජ්ගම
I am the wisest man alive, for I know one thing, and that is that I know nothing.
- Posts : 1309
Join date : 2016-03-12
Instead of posting manual checks to banks, they can start a new service to send digital checks to bank accounts.
Or else some brainy guy can come up with some online system to handle all these transactions.
The problem is most of the brainy guys have left the country or have migrated to no-brainy status.
- nihal123Top contributor
- Posts : 6327
Join date : 2014-02-24
Age : 54
Location : Waga
- Posts : 437
Join date : 2015-11-01
Thanks ET for being one who made a complain.
Good move. I have not checked my dividend payment for long time whether it has reached my account.