Rewritten Title:
Breaking: Justice Shares Dividend Payouts Begin – Key Updates for Shareholders
Justice Shares: A Decade-Long Initiative Bears Fruit
The Justice Shares program, launched in 2006, has been a cornerstone of Iran’s economic policy, granting eligible citizens shares in state-owned industrial, petrochemical, refinery, steel, automotive, and transportation companies. Recipients received shares worth either 500,000 tomans (532,000 tomans) or 1 million tomans, marking a significant step toward public wealth distribution.
Dividend Payouts: Progress So Far
Since March 2021, eight rounds of dividend payouts have been completed. Shareholders with 500,000-toman shares have received over 4.5 million tomans, while those with 1 million-toman shares have been granted more than 9 million tomans. Currently, the total value of these shares has surged—reaching over 18.6 million tomans for the smaller shares and 37 million tomans for the larger ones.
Delays and Next Steps
The first phase of 2023 dividends was distributed late last year, but the second phase remains pending due to delays from some listed companies in transferring funds to the Central Securities Depository. Mehdi Hajivand, Assistant to the Head of the Securities and Exchange Organization, confirmed that efforts are underway to resolve these delays, with the second phase expected before mid-2024, pending compliance from the remaining firms.
Direct vs. Indirect Shareholding
Since 2020, shareholders have had two options: direct trading of their shares or indirect management through provincial investment companies. Approximately 20 million citizens opted for direct ownership, while 30 million chose indirect management via 31 provincial Justice Shares investment firms.
Profitability and Future Payouts
Hajivand emphasized that most of the 49 companies under the Justice Shares umbrella are large, profitable enterprises, ensuring consistent dividends. Regarding 2024 payouts, he noted that dividends will be processed after finalizing 2023 settlements, with no action required from shareholders—funds will be automatically deposited into registered bank accounts.
Final Reminder for Shareholders
Authorities have warned against fraudulent schemes, stressing that no payments or account updates are needed to receive dividends. All payouts will be transferred securely through the Sejam system using pre-registered account details.
This phased payout reflects the government’s commitment to upholding the Justice Shares program, ensuring continued economic benefits for millions of Iranians.
Note: All figures and statements are based on official reports from the Securities and Exchange Organization.
