Dividends-related

What is a dividend?
A dividend is a distribution of a portion of a company’s earnings to its shareholders or a class of its shareholders. In the case of CEC, a dividend is deci...
Fri, 18 Sep, 2020 at 4:39 PM
How often does CEC pay dividends to its shareholders?
There is no single measure of the frequency of dividend payments by CEC. The decision to pay or not to pay squarely rests on the directors of the Company. I...
Fri, 18 Sep, 2020 at 4:51 PM
Are dividends taxed?
In Zambia, individuals (both local and foreign) are exempted from paying tax on dividends received from listed securities. Companies (both local and foreign...
Fri, 18 Sep, 2020 at 4:57 PM
What is Direct Debit and Credit Clearing (DDACC) and how can I benefit from it?
DDACC is an inter-bank electronic settlement system allowing banks to directly transfer funds between bank accounts by Direct Debit and Credit Clearing via ...
Fri, 18 Sep, 2020 at 5:02 PM
What information should I include when submitting written instructions to have my dividends deposited electronically?
Your request for processing the dividend electronically must include the following information: Full shareholder’s name as it appears on the national reg...
Fri, 18 Sep, 2020 at 5:11 PM
How can I get a lost, stale or missing dividend cheque replaced?
To have a cheque replaced, you must inform CEC in writing, preferably via email, or by calling any of our listed investor relations phone numbers. You may a...
Fri, 18 Sep, 2020 at 5:15 PM
How do I deal with the shares of a Deceased Estate if I am the administrator?
Shares of a Deceased Estate are assets and can be transferred to the beneficiary(ies) or sold for the benefit of the beneficiary(ies) as maybe determined by...
Fri, 18 Sep, 2020 at 5:18 PM
Can I have my dividends paid directly into my bank account?
Yes, it is possible. You will have to provide your banking details to CEC or the Transfer Secretary using the contact information shown on the Contact page ...
Fri, 18 Sep, 2020 at 5:22 PM
Can I take my dividend in shares?
It depends on the type of the dividend declared. If it’s a purely cash dividend, you do not have an option to take up shares instead. However, if a cash div...
Fri, 18 Sep, 2020 at 5:24 PM
I haven’t received my last dividend cheque, what should I do?
You should contact our Transfer Secretary (Corpserve) whose details are listed on the Contact page of the CEC website. They will check the payment details a...
Fri, 18 Sep, 2020 at 5:26 PM