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EFT dividend payments
sparkly
#1 Posted : Saturday, February 06, 2010 9:28:43 AM
Rank: Elder


Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
We have come a long way from the days of cheque only payments. Those days when you would rather frame the 63 bob dividend cheque and hang it on the wall rather than bank it and pay 100 bob cheque commission! With EFT and mpesa, uncollected div will surely decrease. My only question is why some registrars will not send a letter, email or sms to inform the shareholder that they have credited their account. A good number of people get half yearly statements... and others none.
Life is short. Live passionately.
Gordon Gekko
#2 Posted : Saturday, February 06, 2010 2:03:28 PM
Rank: Elder


Joined: 5/27/2008
Posts: 3,760
EFT is the best thing since sliced bread. I however wish they could include the company name in the reference instead of the 'incoherent' numbers. I usually have to find out who has paid by computing dividend due, tax withheld etc.
VituVingiSana
#3 Posted : Sunday, February 07, 2010 7:21:14 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,118
Location: Nairobi
@GG - On CBK website, there is an e-mail you can try to send your suggestions. Copy the sender & your bank as well...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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