Haven’t Received Your Dividend Shares? Here’s What You Need to Know

Title: A Guide to Justice Share Dividends: Addressing Beneficiary Inquiries

Introduction

In line with the government’s policies for public economic empowerment, the Justice Shares scheme continues to be a significant initiative for millions of Iranians. To ensure transparency and address the questions of beneficiaries, the Central Securities Depository of Iran (CSDI) has provided comprehensive clarifications regarding the distribution of dividends. This article outlines the key procedural details to help shareholders navigate the process.

Key Information for Shareholders

The CSDI has released an official FAQ to resolve common uncertainties. The process is designed to be accessible, with multiple official channels available for registration and inquiries.

For Those Who Have Not Yet Registered

• Eligibility for Late Registration: Individuals whose documentation was incomplete during the initial registration phases in 2006 and 2017 are considered eligible for late registration. However, a new registration phase for this group has not yet been officially announced, as it requires government approval. Beneficiaries are advised to follow official media channels for updates.
• Action for Unreceived Dividends: Eligible individuals who have not received dividends should visit the official portals Sejam.ir or Sahamedalat.ir to complete their bank account information.

How to Check and Receive Dividends

• Checking Dividend Status: Shareholders can verify paid dividends through several methods:
  1. The Integrated Capital Market Portal at Dara.csdiran.ir (under the “Dividend History” section).
  2. The Justice Shares website Sahamedalat.ir (in the “Dividend Transfer Status” section).
  3. The national hotline 1569, extension 1, by entering the national identification number.
• Account for Dividend Transfer: Dividends are primarily transferred to the bank account (Sheba number) registered in the SEJAM system (Sejam.ir). If no edits are made there, the account number listed on the Justice Shares website (for direct shareholders) will be used. The account must be active, in the shareholder’s name, and not be a blocked, long-term, or joint account.

Procedures for Deceased Beneficiaries

The process for handling the shares of deceased beneficiaries is well-defined and provided free of charge.

• Dividend Transfer: If the division of shares was finalized before the dividend payment date, the dividend will be transferred to the legal heirs.
• Estate Division: Heirs can initiate the process by visiting the Integrated Capital Market Portal at Dara.csdiran.ir and accessing the “Deceased Justice Shares Affairs” section. After an online inquiry, they can complete the filing at any selected brokerage or branch of Melli, Mellat, Parsian, or Tejarat banks.

Addressing Common Concerns

• Unequal Dividend Amounts: Dividend amounts are not uniform. They are calculated proportionally based on the initial value of each individual’s shares, which can be checked on Sahamedalat.ir.
• Taxation: No additional tax is levied on these dividends, as the relevant taxes have already been deducted and paid by the investing companies.
• Future Dividend Payouts: The specific date for the next dividend distribution cycle has not been announced. Shareholders are encouraged to monitor official media for this information.
• Support for Vulnerable Groups: In accordance with the Justice Shares bylaws, beneficiaries from the two lowest income deciles, including those supported by the State Welfare Organization and the Imam Khomeini Relief Foundation, received their shares with a 50% discount and a 10-year installment plan.

Official Support Channels

For any technical issues or further questions, shareholders are directed to use the following official support channels:

• SEJAM System Support: Hotline 1569, extension 5.
• Integrated Portal Support: Hotline 1569, extension 6.
• General Inquiries: Hotline 1569, extension 0.

By following these official guidelines, Justice Share beneficiaries can ensure they receive their entitled dividends through the proper and secure channels established by the relevant authorities.