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SBI Holdings Subsidiary Continues XRP-enabled Dividends Payout

By Jenny Aurora | March 30, 2021
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Morningstar – a financial information services subsidiary of Financial heavyweight SBI Holdings from Japan – will reportedly keep its XRP shareholder benefits program.

Specifically, Morningstar has reportedly given out year-end shareholder benefits in the form of XRP. 

The new dividend payout method was reportedly available as included in the firm’s year-end reward initiative, as an appreciative gesture towards its shareholders for their ongoing support, apart from interim shareholder benefits. 

With the initiative, Morningstar will reportedly give out XRP rewards of 2,500 Japanese yen ($23) units for every 100 shares in possession of shareholders, as of March 31, 2021.

The precise sum of XRP provided to shareholders will reportedly be decided dependent on a market price of XRP recorded on June 30, 2021, as revealed by SBI. As included in the program, Morningstar will ask its shareholders to finalize the registration of crypto accounts, through SBI Group’s crypto subsidiary SBI VC Trade.

Previously, Morningstar reportedly started to give out XRP-enabled dividends payout two years ago, offering 30 XRP for every 100 shares. Located in Tokyo, the company is specialised in offering financial data and investment research services. 

At the time of this writing, the firm’ stock is reportedly trading at 493 yen ($4.5) – more than 2% increase, with a market capitalization of 44.2 billion yen ($407,000).

Morningstar’s parent corporation – SBI Group – has reportedly touched the activity of XRP-enabled dividends payout also, with a program rolled out last year.

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