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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.

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.

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Dividends

Dangote Sugar to Pay N18.220 Billion in Dividend for 2022 FY

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Dividend - Investors King

Dangote Sugar Refinery Plc, Nigeria’s leading sugar manufacturing company, has proposed to pay a final dividend of N1.50 for every shares of 50kobo held in the company in the 2022 financial year.

The company disclosed this in a statement obtained by Investors king and signed by Mrs. Temitope Hassan (FCIS), Company Secretary.

This translates to N18.220 billion given Dangote Sugar’s total share outstanding of 12,146,878,241.

Dangote Sugar advised shareholders to complete registration as dividends would only be paid to shareholders whose names appear in the Register of Members as at the close of business on the March 24th, 2023. Please note that the Register of Shareholders will be closed on March 27th, 2023.

Therefore, on 15th April 2023, dividends will be paid electronically to shareholders whose names appear on the Register of Members as at 24th day of March, 2023 and who 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 the website of the Registrars: www.veritasregistrars.com
The E-Dividend mandate Form should please be completed and submitted to the Registrar.

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.

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Dividends

Dividends Announced in The Week Ended November 4, 2022

Here are the five listed companies that announced dividends for the third quarter of 2022 following a healthy financial statement.

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Dividend - Investors King

Here are the five listed companies that announced dividends for the third quarter of 2022 following a healthy financial statement.

Nestle Nigeria Plc:
Proposed Dividend: ₦25.00
Proposed Bonus: null FOR null
Qualification Date: 11/18/2022
Payment Date: 12/05/2022
Closure of Register Date: 11/21/2022

Presco Plc:
Proposed Dividend: ₦2.00
Proposed Bonus: null FOR null
Qualification Date: 11/21/2022
Payment Date: 11/25/2022
Closure of Register Date: 11/22/2022

AXA Mansard Insurance Plc:
Proposed Dividend: ₦0.06
Proposed Bonus: null FOR null
Qualification Date: 11/23/2022
Payment Date: 12/09/2022
Closure of Register Date: 11/24/2022

Okomu Oil Palm Plc
Proposed Dividend: ₦2.00
Proposed Bonus: null FOR null
Qualification Date: 11/15/2022
Payment Date:
Closure of Register Date: 11/16/2022

Airtel Africa Plc
Proposed Dividend: US2.18cent (United States Two point one eight Cents)
Proposed Bonus: null FOR null
Qualification Date: 11/09/2022
Payment Date: 12/09/2022
Closure of Register Date: 11/10/2022

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Dividends

Airtel Africa to Pay Interim Dividend on December 9, 2022

Airtel Africa has confirmed that it will pay an interim dividend of 2.18 cents per ordinary share on or around December 9, 2022 to all shareholders of the company.

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Airtel Africa - Investors King

Airtel Africa has confirmed that it will pay an interim dividend of 2.18 cents per ordinary share on or around December 9, 2022 to all shareholders of the company.

The leading telecommunications company disclosed this in a statement obtained by Investors King.

According to the company, dividends will be paid in U.S. Dollars, except in a situation where shareholders elect to receive their dividend payments in Naira or Pounds Sterling through the company’s currency elections.

The dividend timetable dates are below:

Ex-dividend date: 10 November 2022
Record date: 11 November 2022
Last Date for Currency Elections: 28 November 2022
Payment date: On or around 9 December 2022

The company further stated that details regarding the default currency and options on currency election for the dividend, and the currency exchange rates that will be applicable in determination of the Half Year 2022-23 interim dividend payment to any shareholders that qualify for and have elected to receive the Half Year 2022-23 interim dividend payment in Pounds Sterling or Naira will be issued in due course.

Airtel Africa reports a 12.9% increase in revenue in the first half ended September 30, 2022 to $2,565m while the total customer base grew by 9.7% to 134.7 million.

During the period, mobile services revenue grew by 19.7% in Nigeria while in East Africa posted 12.4% and 12.1% increase was recorded in Francophone Africa.

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