What happens to undelivered/undeposited Dividend cheques ?

Discussion in 'Investors Grievances' started by dellormicrosoft, May 11, 2017.

  1. dellormicrosoft

    dellormicrosoft New Member

    Joined:
    Apr 21, 2017
    Messages:
    5
    Likes Received:
    1
    Trophy Points:
    3
    We had some shares of a company. Its a big company.

    We used to live at some other address. We don't live there anymore for the last 10 years or so.

    Some dividend cheques must have been sent to our old address and they must have been sent back either undelivered or not deposited and the cheques must have expired.

    What happens to such cheques and and deposits ? Are they lost forever and we won't get the amount back in future and that money is gone ?

    Note : There is NO direct deposit in bank accounts for these dividends. And the dividends were NOT reinvested by the company into stocks. They were simply paid out.

    TIA
     
  2. traderniftybull

    traderniftybull Well-Known Member

    Joined:
    Nov 8, 2016
    Messages:
    2,138
    Likes Received:
    1,738
    Trophy Points:
    113
    Hi

    Contact Company's regd office (share deptt) and they may help you. And if the amount is big enough then you may contact them personally, if within reach. The period for which you may get new cheques for dividend etc, is perhaps 5 years or so (though not sure).
     
  3. Happy_Singh

    Happy_Singh Well-Known Member

    Joined:
    May 27, 2013
    Messages:
    1,438
    Likes Received:
    3,573
    Trophy Points:
    113
    Location:
    Here & Now :)
    Yes beyond that goes to some welfare account,
    so be happy to participate in this forced charity,
    if not money you will at the least earn some merit for next lives :D


    Happy :)
     
    traderniftybull likes this.

Share This Page