Institutional Features and the Level of Unclaimed Dividend in Nigeria

The level of unclaimed dividend in Nigeria has been a source concern to the capital market regulators Nigeria. Hence, this study is designed examine effect institutional features on This framed firmly rational choice theory. ex-post facto research design was used and secondary data collected over ten-year period which spanned from 2010 2019. multiple regression model analyze shareholders’ participation payment channels result reveals that both equity capitalization cheque have an inverse while savings electronic fund transfer positive concluded characteristics significant It therefore recommended due diligence be taken getting correct information potential investors when they patronize shares listed firms