Final Dividend: Nigerian Breweries Announced 69 Kobo for 2020
Nigerian Breweries Plc has declared 69 kobo per ordinary share of 50 kobo each for the period ended 31, December 2020.
In a statement filed through the Nigerian Stock Exchange (NSE), it said the payment is subject to the deduction of applicable withholding tax and approval at the Annual General Meeting scheduled for 22, April 2021.
The firm said the amount will be paid to shareholders whose names appear in the Register of Members as at the close of business on the 10th of March, 2021.
Register of members will be closed from 11th of Match 2021 to 17th of March 2021 (both dates inclusive).
Therefore, 10th of March, 2021 is the qualification date.
It added that the payment date will be “On 23rd of April, 2021, dividends will be paid electronically to shareholders (“Qualifying Shareholders”) whose names appear on the Register of Members as at 10th of March, 2021, and who have completed the e-dividend registration and mandated the Registrar to pay their dividends directly into their Bank accounts.”
On election for scrip dividend instead of cash dividend, it said “The Directors are also recommending to Shareholders for their approval at the forthcoming AGM, a right of election for Qualifying Shareholders to receive new ordinary shares in the Company instead of the final dividend in cash. The election is required to be made on or before the 10th of April, 2021.”
“The Reference Share Price for the purpose of determining the number of shares due to Qualifying Shareholders who elect for the share option will be a ten-day trading average of the Company’s share price on the floor of The Nigerian Stock Exchange, starting on the 11th of March, 2021.”
Nigerian Breweries, therefore, advised shareholders who are yet to complete the e-dividend registration to download the Registrar’s E-Dividend mandate Activation Form, which is available at First Registrar, complete same and submit to the Registrar of their respective Banks.
NGX Returns to Red Zone Following Two Days of Consecutive Gains
The Nigerian Exchange Limited (NGX) returned to the red zone on Thursday following two days of consecutive gains.
Investors traded 130,202,679 shares worth N1.427 billion in 2,962 transactions during the trading hours of Thursday, against 141,407,914 shares valued at N2.973 billion traded in 3,079 transactions on Wednesday.
Market value dipped by N30 billion to N20.273 trilllion from N20.303 trillion it closed on Wednesday while the NGX All-Share Index depreciated by 0.15 percent to settle at 38,911.31 index points, down from 38,968.34 index points recorded on Wednesday.
Unity Bank led gainers with N0.05 or 9.62 percent to close at N0.57 a share. FTNCocoa followed by N0.04 or 8.70 percent to settle at N0.50 per share. See the details below.
|UNITYBNK||N 0.52||N 0.57||0.05||9.62 %|
|FTNCOCOA||N 0.46||N 0.50||0.04||8.70 %|
|CORNERST||N 0.48||N 0.52||0.04||8.33 %|
|CHAMS||N 0.20||N 0.21||0.01||5.00 %|
|SOVRENINS||N 0.24||N 0.25||0.01||4.17 %|
|ETERNA||N 7.20||N 6.52||-0.68||-9.44 %|
|SCOA||N 1.17||N 1.06||-0.11||-9.40 %|
|INTBREW||N 5.00||N 4.80||-0.20||-4.00 %|
|HONYFLOUR||N 4.07||N 3.91||-0.16||-3.93 %|
|UBN||N 5.00||N 4.85||-0.15||-3.00 %|
Stock Investors Gained N25 Billion on Wednesday
Investors that invested in the Nigerian Exchange Limited (NGX) gained N25 billion on Wednesday as more stocks closed in the green.
Investors traded 141,407,914 shares valued at N2.973 billion in 3,079 transactions during the trading hours of Wednesday, contrast to 228,479,010 shares valued at N1.879 billion that exchanged hands in 3,376 deals on Tuesday.
Market value grew by N25 billion from N20.278 trillion it closed on Tuesday to N20.303 trillion on Wednesday, while the NGX All-Share Index appreciated by 0.12 percent to 38,968.34 index points, up from 38,920.5 index points.
UPDC Plc led gainers for second consecutive day with N0.16 or 9.64 percent to close at N1.82 per share. While N Nig. Flour Mills Plc followed with N0.70 or 9.59 percent to settle at N8 a unit. See the details below.
|UPDC||N 1.66||N 1.82||0.16||9.64 %|
|NNFM||N 7.30||N 8.00||0.70||9.59 %|
|OANDO||N 4.35||N 4.62||0.27||6.21 %|
|LEARNAFRCA||N 1.36||N 1.44||0.08||5.88 %|
|HONYFLOUR||N 3.92||N 4.07||0.15||3.83 %|
|TRANSCOHOT||N 5.00||N 4.50||-0.50||-10.00 %|
|CHIPLC||N 0.53||N 0.48||-0.05||-9.43 %|
|PRESTIGE||N 0.48||N 0.44||-0.04||-8.33 %|
|CHAMPION||N 2.08||N 1.91||-0.17||-8.17 %|
|LASACO||N 1.30||N 1.20||-0.10||-7.69 %|
Nigerian Exchange Limited Closes Slightly in Green on Tuesday Following Weeks of Bearish Trend
The Nigerian Exchange Limited (NGX) rebounded slightly from bearish trends on Tuesday as investors gained N2 billion after weeks of trading in the red.
Market value of all stocks rose to N20.278 trillion on Tuesday, up by N2 billion from N20.276 trillion recorded on Monday. While the NGX All-Share Index gained 0.01 to close at 38,920.5 index points from 38,915.62 index points it settled on Monday.
Investors transacted 228,479,010 shares valued at N1.879 billion in 3,376 deals during the trading hours of Tuesday, against 201,103,282 shares worth N2.526 billion that exchanged hands in 3,340 transactions on Monday.
UPDC Plc led gainers with N0.15 or 9.93 percent to close the day at N1.66 a share while Academy Press Plc followed with N0.03 or 8.33 gain to settle at N0.39 a unit.
Investors renewed interest in Wema Bank as a total of 46,760,667.00 shares valued at N35,973,004.78 were traded during on Tuesday. Access Bank came second with 28239839.00 shares worth N263,494,888.05
|UPDC||N 1.51||N 1.66||0.15||9.93 %|
|ACADEMY||N 0.36||N 0.39||0.03||8.33 %|
|COURTVILLE||N 0.27||N 0.29||0.02||7.41 %|
|VITAFOAM||N 16.75||N 17.40||0.65||3.88 %|
|LIVESTOCK||N 2.08||N 2.14||0.06||2.88 %|
|SOVRENINS||N 0.27||N 0.25||-0.02||-7.41 %|
|UPL||N 1.09||N 1.02||-0.07||-6.42 %|
|REGALINS||N 0.48||N 0.45||-0.03||-6.25 %|
|UACN||N 10.30||N 9.80||-0.50||-4.85 %|
|CHAMS||N 0.22||N 0.21||-0.01||-4.55 %|
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