Title: Central Depository Announces Major Phase of Justice Share Dividend Payout, Including for Deceased Beneficiaries
In a significant move within the national economic empowerment framework, the Central Securities Depository of Iran (CSDI) has commenced the second major phase of dividend distributions for the Justice Shares scheme. This phase, which began on Wednesday, encompasses payouts for the financial year ending March 2024.
Expanded Beneficiary Reach
A key feature of this distribution round is the inclusion of dividends for approximately 1.05 million deceased shareholders. These funds are slated for distribution among their 4.29 million legal heirs, ensuring the continuity of the scheme’s benefits across families.
Banking Sector Mobilized for Widespread Payout
The operational phase involves 19 designated banks, which have been tasked with facilitating the transfers. In a display of efficient execution, ten of these banks reportedly completed their assigned transfers on the very first day. The payout amounts, which vary based on the initial share portfolio value, are as follows:
- 452,000 Toman portfolio: 747,000 Toman
- 492,000 Toman portfolio: 814,000 Toman
- 532,000 Toman portfolio: 881,000 Toman
- 1,000,000 Toman portfolio: 1,650,000 Toman
Comprehensive Dividend Composition
Officials clarified that this disbursement includes dividends from the portfolio companies for the year 2023-2024, in addition to a portion of accrued profits from recent years. The distribution targets over 44 million citizen-shareholders in total.
Multi-Channel Citizen Notification
To ensure all beneficiaries are promptly informed, a multi-pronged communication strategy is in place. Alongside text messages from the participating banks, personalized notifications are being dispatched through four major domestic messaging platforms: Bale, Rubika, Soroush+, and iGap. This system is designed to provide shareholders with immediate details of their individual deposits.