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.

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

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.