Dividends

MTN Nigeria Proposed to Pay N174.4 Billion Final Dividend in 2021

Published

3 years ago

January 31, 2022

MTN Nigeria Communications Plc has proposed to pay a final dividend of N8.57 kobo per 2 kobo ordinary shares following a 45 percent jump in profit after tax for the year ended December 31, 2021.

The dividend, which translated to N174.4 billion, is in addition to the N4.55 interim dividend declared in July 2021. Bringing the total dividend for the 2021 financial year to N13.12 kobo.

The telecommunications giant will only pay shareholders whose names appear in the Register of Members as at the close of business on 6 April 2022.

Dividends will be paid electronically to shareholders whose names appear on the register of members as at the stated date, and who have completed the e-dividend registration and mandated the Registrar to pay their dividends directly into their bank accounts on April 28, 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 and submit it to the Registrar. or their respective banks.

On Saturday, Investors King reported that MTN Nigeria grew profit after tax to N298.7 billion in spite of mobile subscribers declining by 8 million to 68.5 million in the 2021 financial year.

Speaking on the company’s performance, Karl Toriola, CEO, MTN Nigeria, said “2021 was a significant year for our Company. We commemorated our 20th anniversary with a celebration of our customers and all the stakeholder relationships that enabled our journey. In addition, we made good progress towards our Ambition 2025 objectives, demonstrating the strength and resilience of the business.”

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Samed Olukoya

Is the CEO and Founder of Investors King Limited. He is a seasoned foreign exchange research analyst and a published author on Yahoo Finance, Business Insider, Nasdaq, Entrepreneur.com, Investorplace, and other prominent platforms. With over two decades of experience in global financial markets, Olukoya is well-recognized in the industry.

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Dividends

Access Holdings to Pay N15.99 Billion Interim Dividend, Aig-Imoukhuede to Receive N1.151 Billion

Published

1 month ago

September 24, 2024

Samed Olukoya

Access Holdings Plc has announced an interim dividend of 45 kobo for every ordinary share of 50 kobo held in the company in the first half (H1) of 2024.

With 35.545 billion in outstanding shares, this translates to N15.99 billion in interim dividend. However, Aigboje Aig-Imoukhued, the chairman of Access Holdings, will take home N1.151 billion in dividend.

The chairman presently holds 119,231,715 direct shares and 2,438,256,720 indirect shares in the company, according to the company’s latest financial statement obtained by Investors King.

According to the lender, subject to appropriate withholding tax the dividend will be paid to shareholders whose names appear on the Register of Members at the close of business on Thursday, October 3, 2024.

The bank will pay dividends on Thursday, October 17, 2024 to all shareholders whose names appear on the Register of Members at the close of business on Thursday, October 3, 2024.

These shareholders are expected to have completed the e-dividend registration and mandated the Registrar to pay their dividends directly into their bank accounts.

However, shareholders who are yet to complete the e-dividend registration are advised to download the Registrar’s E-Dividend Mandate Activation Form, which is also available on https://theaccesscorporation.com/ and complete and submit it to either the Registrar, their respective Banks or any Access Bank Plc branch.

Shareholders with dividend warrants and share certificates that have remained unclaimed or are yet to be presented for payment or returned for validation are advised to complete the e-dividend registration or contact the Registrar.

Access Holdings grew profit after tax by 108% to N347.922 billion from N167.601 billion filed in H1 2023 while gross earnings jumped 133.5% from N940.311 billion in the first half (H1) of 2023 to N2.196 trillion in H1 2024.

Dividends

Guaranty Trust Holding Company Declares N1 Interim Dividend, Sets October 7 for Payout

Published

2 months ago

September 13, 2024

Investors King

Guaranty Trust Holding Company Plc has announced its plan to pay a sum of N1 per share of 50 kobo as interim dividends, to all registered shareholders on October 7, 2024.

According to a recent statement issued by the company on NGX , “the dividend is subject to withholding tax deduction, and will be paid to shareholders whose names appear in the register as of September 25, 2024.”

In its recently released audited consolidated and separate financial statements for the period ended June 30, the Group reported profit before tax (PBT) of N1.004 trillion, becoming the first Nigerian financial institution to cross the N1 trillion mark in profit.

This represented a 206.6 percent increase over N327.4 billion recorded in the corresponding period that ended June 2023.

The group’s profit for the period was slated at N905.67 billion, a 222 percent increase from 280.52 recorded in the corresponding period that ended June 2023.

“On October 7, 2024, the dividend will be paid electronically to ordinary shareholders whose names appear on the Register of Members as at September 25, 2024, and who have completed the e-dividend registration and mandated the Registrar to pay their dividends directly to their bank accounts,” the statement said.

Dividends

Stanbic IBTC to Pay N25.913 Billion in Interim Dividend for H1 2024

Published

2 months ago

September 4, 2024

Samed Olukoya

Stanbic IBTC has announced a proposed interim dividend of N1.50 per ordinary share of 50 kobo each for the first half (H1) of 2024. This amounts to a total payout of N25,913,996,000.

Subject to regulatory approval and deduction of withholding tax, the dividend will be paid to shareholders whose names appear on the Register of Members as of the close of business on Wednesday, 18 September 2024.

The Register of Shareholders will be closed from Thursday, 19 September 2024, to Thursday, 25 September 2024.

Shareholders can expect to receive their dividends electronically on Monday, 30 September 2024, provided they are registered on the Register of Members as of Wednesday, 18 September 2024, and have completed the e-dividend registration process, ensuring that their dividends are directly deposited into their bank accounts.

Shareholders who have not yet completed the e-dividend registration are encouraged to download the Registrar’s E-Dividend Mandate Activation Form from the First Registrars website: https://firstregistrarsnigeria.com/download-forms/, complete it, and submit it to the Registrar or their respective banks.