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

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.”