Head of Securities Organization Announces Phased Dividend Payout for ‘Sama’ Equity Shares
In a significant move to enhance transparency and efficiency, the Head of Iran’s Securities and Exchange Organization has officially announced that the dividend payout for ‘Sama’ equity shares will be completed within the coming weeks. This new phased payment system, a first for the summer of 2024, is designed to bring greater order to the process and minimize delays for citizens.
A New Phased Payment System
Marking a shift in policy for the current Iranian year (1404), the Supreme Council of the Stock Market has overhauled the dividend distribution method. Instead of a single lump-sum payment, dividends will now be disbursed in several phases at specified intervals. This strategic change, implemented to address past challenges, aims to inject more predictability and clarity into the payment schedule for the millions of Iranians who hold these shares.
Timeline and Expected Amounts
The organization has confirmed that the second phase of dividends, which pertains to the financial performance of the previous year (1402), is scheduled for deposit into shareholders’ accounts by the end of the month of Shahrivar (September 2024). Financial experts anticipate the payout amounts will remain consistent with the first phase.
According to the official details:
- Holders of 492,000 Tomans worth of shares can expect a dividend of approximately 744,000 Tomans.
- Holders of 1,000,000 Tomans worth of shares will receive over 1,500,000 Tomans.
This structured approach is part of a broader governmental initiative to strengthen public trust and support the purchasing power of citizens through reliable and transparent economic mechanisms.
Ensuring Smooth Transactions
The announcement noted that any potential minor delays are solely due to the final settlement processes from a number of listed companies, including the Persian Gulf Holding, Mobarakeh Steel Company, and Iran Telecommunications. The settlement procedures for these entities are currently being finalized to ensure the seamless execution of this national dividend plan.
Authorities have also urged shareholders who did not receive their first-phase dividend to review and update their bank information with the relevant registry to ensure successful transfer in this upcoming phase, underscoring the government’s commitment to inclusive and complete distribution.
