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Dividends

Dangote Cement, MTN lead Top Paying Dividend Companies of the Year

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Dangote Cement - Investors King

In total, Nigerian companies paid about N989 billion as dividends in the first 9 months of the year. Dangote Cement was responsible for N272 billion of that amount, with MTN paying N212.7 billion.

The N989 billion paid in dividends showed a 27% increase from the same period in 2020. A record of dividends paid by Nigerian companies who have been publicly quoted is maintained by Nairalytics, with the companies including 30 of some of the most capitalized companies on the stock exchange who had paid dividends in 2020 and the current year.

Some companies pay dividends from their full-year profits while others pay twice in the year, first out of their full-year profits and secondly from their half-year profits. Some dividends are also paid out of retained earnings, in the event where companies do not publicly declare their profits.

The data collected for the companies showed that Dangote Cement and MTN were the leading dividend payers in the year, with the companies paying N272 billion and N212.7 billion respectively. Dangote Cement shareholders did not record any significant increase in their dividend payments, while MTN shareholders saw a 23% increase in dividend payments. No other companies paid up to N100 billion in dividends during the year.

Zenith Bank paid N94.2 billion in dividends, coming in as the third highest paying company during the year. GTCO and BUA Cement rounded up the top five, paying N79.5 billion and N70 billion in dividends respectively.

Stanbic IBTC paid N54 billion in dividends to come in as sixth, while Access Bank and Nestle paid N30.2 billion and N27.5 billion respectively, making seventh and eighth. Lafarge and Seplat rounded up the top 10 dividend payers, paying N24.7 billion and N23.1 billion respectively.

In total, the top ten companies paid a combined N888.1 billion in dividends.

A growth in dividend payment, especially in a year heavily hit by the coronavirus pandemic shows resilience in the financials of some of Nigeria’s largest companies.

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Dividends

Dividends Declared in the Week Ended 29, July 2022

Five listed companies announced their proposed dividends for the first half of the year ended June 30, 2022.

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Dividend - Investors King

In the week ended 29, July 2022, five listed companies announced their proposed dividends for the first half of the year ended June 30, 2022.

The companies are Seplat Energy Plc, Guinness Nigeria Plc, Custodian Investment Plc, Okomu Oil Palm Plc and MTN Nigerian Plc. See the details below.

SEPLAT ENERGY PLC:
Proposed Dividend: US2.5cents (United States Two Point Five Cents) per Ordinary Share of
N0.50k each
Proposed Bonus: Nil
Qualification Date: Friday, 12th August 2022
Closure Date: Monday, 15th August 2022
AGM Date Not Applicable
Payment Date: Friday, 9th September 2022

GUINNESS NIG PLC:
Proposed Dividend: ₦7.14
Proposed Bonus: null FOR null
Qualification Date: 9/23/2022
AGM Date: 10/25/2022
Payment Date: 10/26/2022
Closure of Register Date: 9/26/2022

CUSTODIAN INVESTMENT PLC
Proposed Dividend: ₦0.10
Proposed Bonus: null FOR null
Qualification Date: 8/19/2022
AGM Date:
Payment Date: 9/1/2022
Closure of Register Date: 8/22/2022

OKOMU OIL PALM PLC
Proposed Dividend: ₦7.00
Proposed Bonus: null FOR null
Qualification Date: 8/22/2022
AGM Date:
Payment Date: 8/29/2022
Closure of Register Date: 8/23/2022

MTN Nigeria Communications Plc:
Proposed Dividend: ₦5.60
Proposed Bonus: null FOR null
Qualification Date: 8/18/2022
AGM Date:
Payment Date: 8/26/2022
Closure of Register Date: 8/19/2022

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Dividends

MTN Nigeria to Pay N113.985 Billion in Interim Dividend to Shareholders in H1 2022

Nigeria’s leading telecommunications company, MTN Nigeria has proposed to pay N113.985 billion in interim dividend to its shareholders in the first half (H1) of 2022.

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Karl O Toriola - Investorsking.com

Nigeria’s leading telecommunications company, MTN Nigeria has proposed to pay N113.985 billion in interim dividend to its shareholders in the first half (H1) of 2022.

The company reported a 28.1% increase in profit after tax to N181.6 billion in the period.  MTN Nigeria announced this in a statement signed by Uto Ukpanah, the company secretary.

In the statement, MTN Nigeria’s board of directors proposed to pay an interim dividend of N5.60 kobo per 2 kobo ordinary shares in H1 2022. This N5.60 multiplied by 20,354,513,050 outstanding shares of the company translated to N113.985 billion.

The dividend announced is 23.1% higher than the amount paid in the same period of 2021.

According to the company, the amount will be paid to shareholders whose names appear in the Register of Members as at the close of business on 18 August 2022.

On the closure of register, the register of shareholders will be closed from 19 August 2022. This puts the qualification date at 18 August 2022.

Shareholders whose names appear on the register of members as at 18 August 2022, and who have completed the e-dividend registration and mandated the Registrar to pay their dividends directly into their Bank accounts will be paid on 26 August 2022.

However, shareholders who are yet to complete the e-dividend registration are advised to download the Registrar’s E-Dividend Mandate Activation Form, complete it and submit it to the Registrar or their respective Banks.

Shareholders with unclaimed dividends are advised to complete the e-dividend registration or contact the Registrar.

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Dividends

Dividends Declared in the Week Ended July 1st, 2022

Below is the list of all dividends announced in the week ended July 1st, 2022 on the Nigerian Exchange Limited (NGX).

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Dividend - Investors King

Below is the list of all dividends announced in the week ended July 1st, 2022 on the Nigerian Exchange Limited (NGX).

Cutix Plc:
Proposed Dividend: ₦0.10
Proposed Bonus: null FOR null
Qualification Date: 8/19/2022
AGM Date: 8/26/2022
Payment Date: 8/31/2022
Closure of Register Date: 8/22/2022

Red star Express Plc
Proposed Dividend: N0.075 (7.5kobo)
Proposed Bonus: Nil
Qualification Date 9/13/2022
Closure Date: 9/14/ 2022
AGM Date: 10/11/2022
Payment Date: 10/12/2022

Learn Africa Plc:
Proposed Dividend: ₦0.20
Proposed Bonus: null FOR null
Qualification Date: 9/9/2022
AGM Date: 9/29/2022
Payment Date: 9/30/2022
Closure of Register Date: 9/12/2022

University Press Plc.
Proposed Dividend: ₦0.10
Proposed Bonus: null FOR null
Qualification Date: 8/30/2022
AGM Date: 9/29/2022
Payment Date: 9/29/2022
Closure of Register Date: 8/31/2022

Tripple Gee and Company Plc.
Proposed Dividend: 0.06
Proposed Bonus: null FOR null
Qualification Date: 9/9/2022
AGM Date: 9/27/2022
Payment Date: 10/4/2022
Closure of Register Date: 9/12/2022

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