Unclaimed dividends is a problem faced by many public limited companies as they can typically lead to high costs in managing and reconciling these payments and bank accounts, especially when accumulated over many years.
We recommend that you open a new bank account every year from which to issue your dividends. Unclaimed dividends from the previous years can then be dealt with through a segregated and focused annual tracing and communication programme. This will ultimately result in;
Capita Tracing & Data Solutions can offer a one off tracing, mailing and payment campaign for the backlog to encourage shareholders to come forward and reclaim their dividends. This campaign can be run every year to ensure that the problem of long term unclaimed dividends does not arise again in the future.
Capita Tracing & Data Solutions is a trading name of Capita Employee Benefits Limited. Part of Capita plc. www.capita.co.uk
Capita Employee Benefits Limited is registered in England & Wales no: 02260524. Registered office:
17 Rochester Row, Westminster, London, SW1P 1QT.