A dividend is classified as the distribution of a portion of the company’s earnings to a class of its shareholders. These can come in the form of share of stocks, cash payments or some other financial instrument.

Unclaimed dividends are those which have been paid by the company but have not been claimed by the shareholder, even beyond their validity period.

This can be caused by several factors which may include

• Transfer of shares
• Getting duplicate shares
• Handwriting having changed with age

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