How Unclaimed Stocks and Dividends Are Handled

Stocks, bonds, and uncashed dividend payments are common types of unclaimed property. When a shareholder cannot be located, the financial institution or transfer agent is generally required to turn the securities or payments over to the state.

How securities become unclaimed

• The shareholder moved and did not update their address with the broker or transfer agent
• Dividend checks were mailed but never cashed
• The shareholder passed away and the heirs were unaware of the holdings
• A merger or acquisition created uncertainty about who owns the shares

What you may need to claim them

• Proof of identity
• Proof of address (current and/or historical)
• Brokerage statements or stock certificates
• Transfer agent correspondence
• For deceased shareholders: death certificate and estate authority documents

The claims process

Securities claims can be more complex than other types of unclaimed property because they may involve multiple institutions—transfer agents, brokers, and the state. The state may hold the shares, the cash value, or both, depending on when and how the property was reported.

How we help

We research the records, identify what is being held, help organize the documentation, and prepare the claim package. We follow through with the agency or holder throughout the review process. Our fee is contingent on successful recovery.

Learn more about types of unclaimed property or request a free review.