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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

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

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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Dividends

Airtel Africa Announces Currency Exchange Rates for Dividend

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Dividend - Investors King

Airtel Africa, a leading telecommunications company in Africa, on Tuesday announced default currency and options on currency election for the proposed final dividend.

According to the telecommunication giant, shareholders on the register as of the close of business on 24 June 2022 would be paid 3 cents per ordinary share on July 22, 2022.

However, the management has said shareholders can receive their dividend payment in U.S. Dollars, GB Pounds or Nigerian Naira.

For Airtel Africa London Stock Exchange Investors

Shareholders that hold their shares on the London Stock Exchange may elect to receive their entire dividend payment in GB pounds or U.S. dollars.

Partial elections are not permissible.

Holders electing to receive a dividend should specify a choice of currency by completing the Currency Election Form and return to Computershare Investor Services plc.

Shareholders holding their shares on the LSE who do not indicate their currency of choice before 11 July 2022 will receive their dividends in U.S. dollars.

The closing date for the dividend currency election to the Company’s Registrars Computershare Investor Services plc in the UK is 11 July 2022.

Currency election forms can be obtained by contacting the Company’s Registrars, Computershare Investor Services plc, on the Company’s dedicated telephone line: +44(0)370 7030027.

For Airtel Africa Nigerian Exchange Limited Investors

Shareholders that hold their shares on the Nigerian Stock Exchange may elect to receive their entire dividend payment in Nigerian naira or U.S. dollars.

Partial elections are not permissible. Holders electing to receive a dividend in U.S. dollars should complete the Currency Election. Form and return to Coronation Registrars Limited or email to eforms@coronationregistrars.com. Shareholders holding their shares on the NSE who do not indicate their currency of choice before 11 July 2022 will receive their dividends in Nigerian naira.

The closing date for the dividend currency election to the Company’s Registrars Coronation Registrars Limited in Nigeria is 11 July 2022.

Currency election forms can found on the website of the Company’s Registrar www.coronationregistrars.com or this direct link: https://coronationregistrars.com/currencyelection-form/
The following currency exchange rate will be applicable in the determination of the final dividend payment to any shareholders that qualify for and have elected to receive the final dividend payment:

Exchange Rate

1 USD = 419.50 Nigerian naira
1 USD = 0.8163 GB pounds

The exchange rate for the Nigerian naira or GB pounds amounts payable was determined by reference to the exchange rates applicable to the U.S. dollar available on 20 June 2022.

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