{"id":8837,"date":"2021-11-03T04:19:43","date_gmt":"2021-11-03T04:19:43","guid":{"rendered":"https:\/\/www.africa-press.net\/malawi\/all-news\/unclaimed-dividends-hit-k2-billion-mse-says"},"modified":"2021-11-04T04:41:52","modified_gmt":"2021-11-04T04:41:52","slug":"unclaimed-dividends-hit-k2-billion-mse-says","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/malawi\/all-news\/unclaimed-dividends-hit-k2-billion-mse-says","title":{"rendered":"Unclaimed dividends hit K2 billion, MSE says"},"content":{"rendered":"

Africa-Press – Malawi. <\/strong><\/span>Over K2 billion could be forfeited to the government in unclaimed dividends from listed companies on the Malawi Stock Exchange (MSE), figures from the local bourse show.<\/p>\n

In the past two days, some MSE-listed companies have been publishing names of shareholders with unclaimed dividends. The firms include Sunbird Tourism plc and Standard Bank plc.<\/p>\n

In an interview on Monday, MSE Chief Executive Officer John Kamanga said according to the the Public Finance Management Act of 2003, the unclaimed funds are supposed to be sent to the government and be deposited under the consolidated fund after the expiry of six or more years.<\/p>\n

\u201cThere is no notice period but we encourage listed companies to publish names of unclaimed dividends, ideally yearly. Currently, the unclaimed dividends are in excess of K2.0 billion.<\/p>\n

\u201cFor the number of shareholders, we are still doing the consolidation and we can confirm the exact number once we complete the consolidation,\u201d he said.<\/p>\n

The dividends will, however, keep accumulating to the shareholders account and once found, they will claim them from the Consolidated Fund. MSE has 16 listed companies that declare dividends to shareholders upon agreement during each company\u2019s annual general meeting.<\/p>\n

For More News And Analysis About Malawi<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Malawi. Over K2 billion could be forfeited to the government in unclaimed dividends from listed companies on the Malawi Stock Exchange (MSE), figures from the local bourse show. In the past two days, some MSE-listed companies have been publishing names of shareholders with unclaimed dividends. The firms include Sunbird Tourism plc and Standard […]<\/p>\n","protected":false},"author":84,"featured_media":8836,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,7,8,12],"tags":[233,371,234,1042,350],"class_list":["post-8837","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-head-lines","category-homepage-english","category-policy","tag-africa-press","tag-africa-press-malawi","tag-malawi","tag-malawi-stock-exchange","tag-standard-bank"],"yoast_head":"\nUnclaimed dividends hit K2 billion, MSE says - Malawi<\/title>\n<meta name=\"description\" content=\"Over K2 billion could be forfeited to the government in unclaimed dividends from listed companies on the Malawi Stock Ex ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/malawi\/all-news\/unclaimed-dividends-hit-k2-billion-mse-says\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Unclaimed dividends hit K2 billion, MSE says\" \/>\n<meta property=\"og:description\" content=\"Over K2 billion could be forfeited to the government in unclaimed dividends from listed companies on the Malawi Stock Ex ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/malawi\/all-news\/unclaimed-dividends-hit-k2-billion-mse-says\" \/>\n<meta property=\"og:site_name\" content=\"Malawi\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2021-11-03T04:19:43+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-11-04T04:41:52+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/malawi\/sites\/36\/2021\/11\/img-6183645b8beb1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"660\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/unclaimed-dividends-hit-k2-billion-mse-says#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/unclaimed-dividends-hit-k2-billion-mse-says\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/malawi\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Unclaimed dividends hit K2 billion, MSE says\",\"datePublished\":\"2021-11-03T04:19:43+00:00\",\"dateModified\":\"2021-11-04T04:41:52+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/unclaimed-dividends-hit-k2-billion-mse-says\"},\"wordCount\":212,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/unclaimed-dividends-hit-k2-billion-mse-says#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/malawi\/sites\/36\/2021\/11\/img-6183645b8beb1.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Malawi\",\"Malawi\",\"Malawi Stock Exchange\",\"Standard Bank\"],\"articleSection\":[\"all news\",\"head lines\",\"homepage-english\",\"policy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/malawi\/all-news\/unclaimed-dividends-hit-k2-billion-mse-says#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/unclaimed-dividends-hit-k2-billion-mse-says\",\"url\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/unclaimed-dividends-hit-k2-billion-mse-says\",\"name\":\"Unclaimed dividends hit K2 billion, MSE says - 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