Iran’s Justice Shares Program Announces New Phased Dividend Payout Schedule
In a significant move to enhance transparency and efficiency, the Iranian government has released the official schedule for the disbursement of dividends for the Justice Shares program. The new phased payment system, approved by the Supreme Council of the Stock Market, marks a pivotal shift in the management of this vast national initiative.
Key Payment Dates and Amounts
The second tranche of dividends, which pertains to the financial performance of the year 1402 (2023-2024), is scheduled for deposit into beneficiaries’ accounts by the end of the Iranian month of Shahrivar 1404 (late September 2025). This follows an initial payment made in the summer of 1404.
The approximate dividend amounts have been confirmed as follows:
- For holders of 492,000 Tomans shares: Approximately 744,000 Tomans.
- For holders of 1,000,000 Tomans shares: Over 1,500,000 Tomans.
Authorities have advised all beneficiaries to ensure their banking information is up to date with the relevant portals to prevent any delays in receiving their funds.
A New Era of Transparency and Order
The shift from a single lump-sum payment to a structured, multi-phase disbursement plan is a direct response to past challenges. This new system is designed to increase the regularity of payments, reduce delays, and bolster public trust. Officials from the Stock Exchange Organization have emphasized that this reform aligns with the broader goals of strengthening the purchasing power of citizens and bringing greater order to the capital market.
The program’s management has been under the guidance of the Supreme Council of the Stock Market since 1399 (2020), following a pivotal directive from the Leader of the Islamic Revolution. This directive established the council as the regulatory authority for the Justice Shares program, setting it on a path toward greater organization and closer alignment with its original objectives of public economic empowerment.
Guided by Strategic Directives
The current framework for the Justice Shares program is built upon a foundational three-point conditional agreement issued in 1399. This agreement laid out the principles for the program’s management, emphasizing:
- The right of shareholders to choose direct ownership of shares within a specified framework.
- The mandate for the Supreme Council of the Stock Market to draft and approve all necessary regulations for the transfer of shares, which are binding for all executive bodies.
- The encouragement for shareholders to remain invested in provincial investment companies, with the Council tasked to facilitate the listing of these companies on the stock exchange.
This strategic guidance continues to shape the evolution of the Justice Shares program, ensuring its operation remains disciplined, transparent, and focused on its core mission of public participation in the nation’s economy.
