Safaricom said they would not charge to credit your M-Pesa account with the dividends. However,after you receive it and would wish to withdraw,then you will be charged the usual transaction fees. Values of kshs 124 and below can only be used to buy credit as one cannot withdraw amounts less that 100/= from M-pesa.



There's no hurry in Kenya!

@ Layman well explained. I honestly didnt have that information. But if the only way they get to spend that money is to buy airtime,let me smile as a shareholder.

@Sober,OK. I take mine to be an unconvincing possibility. But in the case of cheques,the companies actually despatch them. In the Safaricom case,they will send dividends via M-Pesa but only if you register isnt it? I have enough friends and acquitances especially out of NBI who wilingly never bothered to register



We tenda wema kisha wende zako. Usinipe macho ya kutarajia shukrani!!!

@ Puku puku,By registration,I mean the requirement of walking into designated MPESA outlets and customer care centres with a copy of your ID and a copy of your CDSC statement


We tenda wema kisha wende zako. Usinipe macho ya kutarajia shukrani!!!

@Spendthirift;

The dividend payment via M-Pesa was optional!!!!!

It was not compulsory

Anyone who did not registered for M-Dividend will be sent a cheque to the address appearing in their CDSC account.

So tell your friends not to worry; they will get their 50-pop cheques...and their banks will collect 30-pop transaction fees for depositing.....and another 30-pop for withdrawing the money after the cheque clears!!!!!!!!!!!!!

Any which way you look at it; the M-dividend method is much better.

Many years ago,I was sent a Sh109 cheque by Bamburi,drawn on their account at Barclays Bank Mombasa. Banking it in Nairobi would have attracted 'up-country cheque' clearance fees of Sh200,leaving me Sh91 poorer!

I framed it and hung it on the wall!!!!!!!

Severa years later,my uncollected dividends had accumulated to almost Sh1,000. I wrote to the company registrar and told them my predicament. I returned the un-banked cheques and was issued with one for the whole amount.

By that time StanChart had started the 'Branch-less' banking system. I posted the cheque to their Mombasa branch with a filled deposit slip. It was cleared as 'local cheque'

===============

Unclaimed dividends are kept in a suspense accountwhere they don't earn interest untill the day the owner comes for them.


Behind the gardens...Behind the wall...Under the tree (Including: Red...Dark Blue...Yellow)

@ Mukiha,

asande sana.

I will atvise them to either hang the cheques on their walls for 20 years and/or puy more shares at the currend low price.


We tenda wema kisha wende zako. Usinipe macho ya kutarajia shukrani!!!