Title: Equity Share Dividends: A Look at Payouts and Future Prospects for Beneficiaries
Introduction
In a significant economic initiative, the first installment of the Equity Share dividends for the Iranian year 1403 was distributed, coinciding with the Yalda night celebration. This timely payout, warmly welcomed by millions of shareholders, has set a positive precedent and raised questions about the schedule for future distributions in the current year.
Examining the Payment Schedule
Historically, the dividend payout pattern has involved an initial installment in Azar (November-December) and a second one in Esfand (February-March), ahead of the Nowruz new year celebrations. However, this year marked a shift, with the first payout for the year 1403 occurring earlier than usual, in the month of Mehr.
Based on this development, it is anticipated that the second payment installment for the year 1404 will follow the established procedure in Esfand. There is also speculation that if the Central Securities Depository opts for a three-phase distribution plan, a portion of the dividends could once again be aligned with the Yalda festivities.
Details of the Previous Payout
The most recent payment cycle, which pertained to the financial performance of the year 1402, was successfully executed in Mehr of this year. Dividends were deposited into the accounts of over 44 million shareholders. Furthermore, the dividends for approximately 1.05 million deceased shareholders were meticulously distributed among nearly 4.29 million heirs, underscoring the system’s commitment to safeguarding the rights of beneficiaries through well-defined and precise procedures.
Comparative Table of Initial Share Value and Paid Dividends
| Initial Share Value (Toman) | Dividend Payout (Toman) |
|---|---|
| 492,000 | 814,000 |
| 532,000 | 881,000 |
| 1,000,000 | 1,650,000 |
Outlook for 1403 Dividends
The Central Securities Depository has not yet announced the definitive amounts for the Equity Share dividends related to the financial year 1403. The standard procedure involves collecting dividends from the invested companies, calculating each shareholder’s portion, and then initiating phased deposits into their accounts. It is projected that these payments will follow the established pattern and be completed before Nowruz 1405.
Inheritance and Dividend Claims
A clear process is in place for the heirs of shareholders who have passed away. For those deceased after Mordad 1, 1399, it is possible to claim both the original shares and the accrued dividends. Upon the registration and verification of the required documents in the relevant online system, the shares and dividends of the deceased are transferred to the heirs’ accounts, ensuring their rights are fully protected.
Consistent Track Record of Payouts
The systematic distribution of Equity Share dividends, which began in the year 1399, has continued regularly. Reports indicate that shareholders with an initial share value of 532,000 Toman have received a cumulative total of 5,425,000 Toman in dividends. A proportional increase has been consistently applied for shares with higher initial values.
Future Prospects
Given the current information and past procedures, it is expected that the dividends for the financial year 1403, along with any remaining dividends from previous years, will be disbursed in a phased and orderly manner, consistent with the established model. Shareholders are encouraged to access the dedicated online portal for precise details on their individual payments and to track the status of their accounts as needed.