ShareTrack undertakes the management of dividends from processing, funding, payment, reconciliations to maintenance of unclaimed dividends. This service involves; Calculation of dividend due and reconciliation of reports with dividend declared.
Production of dividend payment reports according to shareholder status and payment method. Sorting and posting of dividend warrants and remittances to shareholders. Facilitating electronic and mobile payment of dividends where details of bank and mobile money mandates are available. Calculation and advice of applicable withholding tax as well as obtaining individual shareholders’ withholding tax certificates.