Title: Second Tranche of 1402 Justice Shares Dividend Distribution Commences
Tehran – The second phase of dividend distribution for the “Justice Shares” program, corresponding to the financial year ending March 2024, has officially begun as of September 30, 2024. This announcement was formally made by the Securities and Exchange Organization, underscoring the government’s ongoing commitment to this key social equity initiative.
According to official statements, the dividends are being deposited directly into the bank accounts of eligible citizens and will be completed over the coming days. The first installment for this financial period was successfully distributed in February 2024.
Potential Reasons for Non-Receipt of Dividends
While the distribution process is underway, authorities have outlined several technical reasons why some beneficiaries may experience a delay:
- Incorrect or Unregistered Bank Account Details: An inaccurate or missing Sheba number (Iran’s standard bank account number) is a primary cause for failed transactions.
- Account Status Issues: Bank accounts that are dormant, blocked, or long-term deposit accounts may not be eligible to receive the direct transfer.
- SAMAN Registration or Data Mismatch: Failure to complete registration on the SAMAN system (Comprehensive Database of Securities Market Participants) or discrepancies in personal information can halt the process.
- Management Method Discrepancy: The chosen method for managing one’s Justice Shares, whether direct or indirect, may influence the distribution channel and requires updated information.
- Administrative or Banking Delays: Processing times can vary between different banks and financial institutions, leading to a delay of a few days for some recipients.
How to Check Your Dividend Status
Citizens are encouraged to proactively check the status of their dividend through the following official channels:
- Log in to the dedicated Justice Shares portal or the Capital Market Beneficiaries Gateway using their national identification number and navigate to the “Dividend History” section.
- Utilize official stock inquiry applications and systems.
- Contact the Central Securities Depository’s response center via telephone number 1569.
- Visit a bank branch or brokerage in person with valid identification documents for a direct status update.
Official Channels for Grievance and Follow-Up
For beneficiaries who have confirmed the non-receipt of dividends after checking their status, the following steps are recommended:
- Register or correct your Sheba number through the official Justice Shares or SAMAN online systems.
- Contact the Justice Shares support center to inquire about the specific reason for the delay.
- A physical visit to the relevant bank or brokerage can help resolve any banking or informational issues.
- If the problem persists, a formal complaint can be registered through the regulatory portals of the Securities and Exchange Organization for a thorough investigation.
The systematic rollout of these dividends reflects the continuous development and refinement of Iran’s social welfare and economic participation frameworks.