Connect with us

Dividends

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

Published

on

Karl O Toriola - Investorsking.com

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.”

Is the CEO/Founder of Investors King Limited. A proven foreign exchange research analyst and a published author on Yahoo Finance, Nasdaq, Entrepreneur.com, Investorplace, and many more. He has over two decades of experience in global financial markets.

Continue Reading
Comments

Dividends

CWG Plc to Commence Dividend Payment at the End of 2022 Financial Year

CWG Plc on Monday announced its readiness to commence dividend payment at the end of the 2022 financial year

Published

on

Dividend - Investors King

After years of non-dividend payment, CWG Plc on Monday announced its readiness to commence dividend payment at the end of the 2022 financial year. 

CWG is a Pan-African information technology services provider that offers solutions in communications, IT infrastructure, cloud services and many more.

According to the Group Managing Director and CEO, Mr Adewale Adedipo, CWG Plc has witnessed monumental growth in the last few years, growing to become one of the leading information and technology firms in Africa.

CWG Plc operates in 24 African countries. It was founded in Nigeria in 1992 as Computer Warehouse Limited. The company has thereafter extended to Ghana, Cameron, Uganda and other locations. It has four operation hubs and has won more than 50 awards. 

Reminiscing on the journey so far at an event organised to commemorate the company’s 30th anniversary, the CEO, Adewale Adedipo said “As we reflect on our history, showcasing our humble beginnings, our victories, our losses and above all, our leaning as a knowledge-driven organisation, these experiences have produced the opportunity to refine our corporate strategy and values, eventually birthing our CWG 2.0 roadmap as well as the establishment of our training academy, cementing learning as an integral part of our ethos and culture”.

Similarly, Founder and Executive Vice President of CWG plc, Austin Okere noted that retail payment systems and financial services being digitised is now a top goal for economic growth and an opportunity for the IT industry. 

He added that with a wider variety of financial services, the company has an increased chance to reach far more people at much lower costs and provide them with what they need to develop resilience and seize opportunities. 

To commemorate its 30th anniversary, CWG Plc launched a number of activities including Transform-a-School initiative, Pitch for Transformation Challenge, Youth Boot Camp and an award night

Continue Reading

Dividends

Flour Mills Approves N2.15 as Dividend Payment For 2022

Flour Mills of Nigeria Plc, a food and agro-allied company has approved N2.15 as a dividend payment for the 2022 fiscal year. 

Published

on

flour mills posts 184% increase in PAT

Flour Mills of Nigeria Plc, a food and agro-allied company has approved N2.15 as a dividend payment for the 2022 fiscal year. 

Arising from its 62nd Annual General Meetings (AGM) in Lagos, the company’s chairman who was represented by the Vice Chairman, Paul Gbededo said the group’s increased earnings was a result of the company’s resiliency as well as shareholders’ support.

Gbededo further disclosed that Flour Mills has completed the acquisition of Honeywell Flour Mills.

Apart from the N2.15 dividend approved by the shareholders, the shareholders also approved the request of the company’s board of directors to raise an additional N200 billion in the capital market. 

Gbededo said this acquisition (Of Honeywell Flour Mills) created a more resilient national champion for Nigeria in the food industry, laying the groundwork for long-term growth and food security.

“Our food division’s strategic priorities are motivated by the need to become Africa’s leading consumer and business-to-business (B2B) food brand, with the goal of more than doubling earnings before interest, taxes, depreciation, and amortization (EBITDA).”

Flour Mills announced its unaudited result for the period ended June 2022 to include a 45.3 per cent increment in revenue which stand at N339.601 billion from N233.703 billion reported in 2021. 

This increase in revenue was amide the effect of rising inflation on the price of goods and services, the disruption in the supply chain due to insecurity, and the rising cost of diesel among other challenges. 

A closer look at the company’s financial statement shows that its food segment contributed 63 percent growth of the revenue, from N146.925 in 2021 to N213.166. The agro-allied also saw a revenue increase from N47.58 million in 2021 to N65.65 billion, while profit after tax rose marginally by 0.80 percent from N5.446 billion in 2021 to N5.495 in 2022. 

Continue Reading

Dividends

Zenith Bank to Pay N9.419 Billion in Interim Dividend for H1 2022

Zenith Bank has announced an interim dividend of N9.419 billion for all shareholders of the bank

Published

on

Dividend - Investors King

Following a positive first half (H1) of the year’s performance, Zenith Bank has announced an interim dividend of N9.419 billion for all shareholders of the bank.

The lender announced in a statement signed by Michael Osilama Otu, Esq, Company Secretary and General Counsel for Zenith Bank.

According to the bank, it will pay an interim dividend of 30 kobo for every share of 50 kobo to all shareholders whose names appear in the Register of Members as at the close of business on the 6th day of September 2022.

The amount translates to N9.419 billion if 31,396,493,786 issued shares of Zenith Bank is multiply 30 kobo.

Zenith Bank will close the register of shareholders on September 7, 2022 to enable the registrars prepare for payment of dividends.

Therefore, payment will be paid electronically to shareholders whose names appear on the Register of Members as at September 6, 2022 and who have completed the e-dividend registration and mandated the Registrar to pay their dividends directly into their bank accounts. Please note that GDR holders will be paid after this date.

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 the website of the Registrars, www.veritasregistrars.com.

Continue Reading
Advertisement
Advertisement




Advertisement
Advertisement
Advertisement

Trending