Unclaimed dividends are unpaid shareholder earnings that have been left uncollected due to reasons like outdated details, forgotten investments, or dormant accounts.
Let’s assume a company declares a ₹5 per share dividend. It becomes unclaimed if a shareholder owning 1000 shares doesn’t claim their ₹5000 dividend due to incorrect details.
Check unclaimed dividends via company websites, the IEPF portal, or registrars. Update contact information and monitor investments to avoid missed payouts.
Unclaimed dividends go to an “Unpaid Dividend Account” for 7 years & then to IEPF. Companies must list details online & notify shareholders about their unclaimed dividends.
To claim unclaimed dividends within seven years, shareholders must contact the company or registrar with identity proof, share details, and updated bank information.
Dividends remain unclaimed due to outdated contact info, forgotten investments, un-updated bank details, shareholder death, or ignored small amounts.