Title: Exclusive: Iran Announces Summer Payout for Second Phase of Justice Shares Dividends – Key Details Revealed
Breaking: Dividend Payout Schedule Confirmed
After months of anticipation, the exact date for the second phase of dividend payouts from Justice Shares for the fiscal year 2023 has been officially announced. Unlike previous years, when payments were typically made in autumn or winter, this year’s installment will be disbursed unexpectedly early—by the end of Shahrivar (late September).
The first phase of dividends was paid in March 2024, with recipients of 492,000-toman shares receiving approximately 744,000 tomans, while holders of 1-million-toman shares received over 1.5 million tomans. The second phase is expected to follow a similar payout structure.
Behind the Delay: Settlement Challenges
The delay in processing the second phase was attributed to incomplete profit settlements by several major companies, including Fars Persian Gulf Holding, Mobarakeh Steel Company, and Iran Telecommunications (ITC). These firms had not fully transferred their share of profits for the fiscal year ending March 2024 to the central depository. However, authorities confirm that settlement procedures are now nearing completion.
Reforms for Smoother Future Payouts
In a move to prevent future delays, Iran’s Supreme Council of the Stock Market has revised the dividend distribution system starting in 2025. Dividends will now be paid in multiple scheduled installments throughout the year, ensuring more predictable and timely disbursements for shareholders.
Government Focus: Clearing Backlogs, Ensuring Stability
The Minister of Economy has prioritized clearing the remaining 2023 dividends as part of broader efforts to support shareholders amid economic pressures. For an average family of four to five, these payouts—totaling around 10 million tomans annually—serve as a critical financial boost.
Meanwhile, discussions about the full liberation of Justice Shares remain cautious. Officials emphasize that any large-scale release must be carefully managed to avoid market instability, with safeguards like sufficient liquidity and technical infrastructure in place.
Key Takeaways for Shareholders
- Second-phase dividends will be paid by late September 2024.
- Payout amounts are projected to mirror the first phase.
- New multi-installment system from 2025 aims for transparency and efficiency.
- Liberation of shares remains under review, with a focus on long-term market stability.
This development marks a significant step in fulfilling the government’s commitment to Justice Shares beneficiaries, offering immediate relief while laying the groundwork for sustainable reforms.
Note: All figures and timelines are based on official announcements.
