Final Dividends for Deceased Shareholders: A Crucial Update & Important Investor Alert
Phase Two of Justice Share Dividends Commences
Following months of anticipation, the second phase of dividend payouts for Iran’s “Justice Shares” scheme has officially begun. This significant financial distribution, overseen by the Capital Market Central Board, marks a key step in the government’s commitment to public wealth distribution and economic justice.
In the initial phase, which was executed at the end of the last Persian year, shareholders received substantial returns. Payments were tiered based on initial share value, with holders of the one-million-Toman portfolio receiving over 1.5 million Toman in dividends.
Substantial Payouts for Millions
According to official announcements, this second phase will see the distribution of approximately 50 trillion Toman to millions of eligible citizens. A senior official from the Securities and Exchange Organization (SEO), Mehdi Haji Vand, confirmed that the transfer of funds to shareholder accounts is currently underway.
He detailed the payout structure for this round: holders of the 452,000 Toman portfolio will receive 747,000 Toman, while those with the 532,000 Toman and one-million-Toman portfolios will receive 881,000 Toman and 1.65 million Toman, respectively. All other shareholders will receive proportional amounts based on their holdings. A remaining 7 trillion Toman from the previous fiscal year will be distributed in a third phase, combined with the next fiscal year’s dividends.
Clarification for Heirs of Deceased Shareholders
A critical update addresses the status of dividends for deceased shareholders. Officials report that around 4 million original shareholders have passed away since the scheme’s inception. The inheritance process for over one million of these individuals has been completed, making more than 4.5 million heirs eligible for dividends in this current phase.
Heirs of individuals who passed away before a specified date in 2020 are encouraged to complete the inheritance process. Once finalized and registered, their entitled dividends will be disbursed at the earliest opportunity. The primary requirement for receiving any dividend is registration with the national SIMAN system.
Official Warnings for Shareholders
In light of this major financial operation, authorities have issued important security advisories. The public is strongly cautioned that there is no need for in-person visits or clicking on suspicious links to receive these funds. No documents should be submitted to unverified sources.
Dividends are transferred automatically and securely to the bank account number registered in the SIMAN system. Shareholders who received dividends in the previous phase but not in this one are likely facing issues with their registered bank details, such as a mismatched account name or unresolved legal matters. These individuals must update their information in the SIMAN system to facilitate the swift transfer of their funds.
