Title: New Phase of ‘Justice Shares’ Dividends Distributed, Government Outlines Broader Economic Support
In a significant move to bolster economic justice, a new tranche of dividends from Iran’s “Justice Shares” initiative has been successfully deposited into the accounts of millions of shareholders. This distribution underscores the government’s ongoing commitment to direct public participation in the nation’s wealth and economic stability.
A Phased Approach to Dividend Payouts
The distribution of dividends for the Justice Shares program is a carefully managed, multi-stage process. The recent payout represents the second phase related to the financial performance of the previous Iranian year (1402), benefiting over 44 million shareholders.
The Central Securities Depository is responsible for collecting dividends from the underlying companies and, after precise calculation, allocating the payable amounts to shareholders. This meticulous process, while sometimes extending payment timelines, ensures accuracy and fairness. A complementary portion of the dividends is anticipated to continue into the next Iranian year (1405).
Safeguarding Shareholder Rights
In a parallel effort to protect the rights of all citizens, dividends for approximately 1.05 million deceased shareholders were distributed to over 4.29 million heirs. For heirs of shareholders who passed away after a specified date, both the principal and dividends of the Justice Shares will be transferred after the submission of required documents, reinforcing the shares as a reliable and transferable asset.
Expanding the Reach of Economic Justice
Looking forward, the program’s scope is set to widen. Based on new decisions, necessary resources have been allocated, enabling around 9 million eligible citizens who were previously not covered to register for Justice Shares. Priority will be given to welfare recipients and lower-income deciles, reflecting a targeted approach to economic support.
This initiative is part of a broader governmental strategy to strengthen the social safety net. As highlighted by Rahim Zare’, a member of the Iranian Parliament’s Plan and Budget Committee, the budget for the upcoming year continues to prioritize support for essential goods and household necessities. He noted that the government’s authority to implement a “commodity coupon” system has been maintained in the budget to directly assist citizens, particularly the first to fourth income deciles, in the face of economic challenges.
“The view of the parliamentary body is that, due to the economic and livelihood conditions of the people, the execution of the commodity coupon system should continue,” Zare’ stated, emphasizing the goal of stabilizing the market and ensuring food security for families.
He further confirmed that Parliament has fulfilled its duty by identifying the nearly 9 million individuals eligible for the Justice Shares program, and the government is now tasked with their registration, ensuring comprehensive coverage and continued progress toward the program’s objectives of inclusive economic growth.