KARACHI: Central Depository Company (CDC) of Pakistan Limited has launched e-Dividend service for stock market to enable issuers to electronically credit dividend amounts into bank accounts of shareholders directly without involving printing and dispatch of dividend warrants saving huge expenses and time too.
The first such transaction was executed for the dividend by Lucky Cement Limited through its banking partner. Innovative offering of services like this has enabled CDC to achieve another milestone in Share Registrar Services after exceeding 100 clients in a short span of time.
Speaking about this new market shaping facility, CDC CEO Muhammad Hanif Jakhura said, “The company has a legacy of introducing efficiency and time efficacy in the market processes.
Just like the e-Dividend facility, CDC will continue to take the lead in improving the infrastructure of Pakistan capital market for investors and corporate alike.” With this latest introduction, CDC has become the pioneering institution in Pakistan.
