Dividends

Dividends Announced in the Week Ended October 28, 2022

Last week, three listed companies announced their dividend for the third quarter of the year.

Published

2 years ago

October 31, 2022

Last week, three listed companies announced their dividend for the third quarter of the year. The three companies are Nigerian Breweries Plc, Seplate Energy Plc, and TotalEnergies Marketing Nigeria Plc.

Nigerian Breweries Plc:
Proposed Dividend: ₦0.40
Proposed Bonus: null FOR null
Qualification Date: 11/23/2022
Payment Date: 12/01/2022
Closure of Register Date: 11/24/2022

According to the company’s unaudited financial statement released last week for the nine months that ended 30th September 2022, profit after tax grew by 80.1% to N14.7 billion, up from N8.6 billion recorded in the same period of 2021

Nigerian Breweries grew revenue by 27.2% from N309.2 billion in 2021 to N393.4 billion in the current period.

Also, the cost of sales stood at N238.9 billion, a 20.22% increase from N198.7 billion filed in the corresponding period of 2021.

Basic Earnings Per Share expanded by 80% to 182 kobo in 2022 from 107 kobo in 2021.

Seplat Energy Plc:
Proposed Dividend: US2.5cent (United States Two Point Five Cents)
Proposed Bonus: null FOR null
Qualification Date: 11/10/2022
Payment Date: 12/06/2022
Closure of Register Date: 11/11/2022

Seplat remained consistent in the first nine months, growing profit after tax by 90.3% from N38.6 billion year-on-year to N77.5 billion.

Cash generated from operations stood at N154 billion, a whopping 124.7 % increase when compared to N64.9 billion filed in the first nine months of 2021.

Growth was broad-based as revenue by 34.4% to N258.7 billion from N182.7 billion year-on-year. Its gross profit soars to N118.5 billion from N58.1 billion year-on-year, rising by 93.5%.

TotalEnergies Marketing Nigeria Plc:
Proposed Dividend: ₦4.00
Proposed Bonus: null FOR null
Qualification Date: 11/18/2022

Payment Date: 12/05/2022
Closure of Register Date: 11/21/2022

Despite revenue increasing by 39% to N337.188 billion from N242.224 billion year-on-year, profit before tax dipped by 5% to N18.783 billion in the first nine months of 2022.

Profit for year also declined by 7% from N13.386 billion to N12.506 billion.

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Samed Olukoya

Is the CEO and Founder of Investors King Limited. He is a seasoned foreign exchange research analyst and a published author on Yahoo Finance, Business Insider, Nasdaq, Entrepreneur.com, Investorplace, and other prominent platforms. With over two decades of experience in global financial markets, Olukoya is well-recognized in the industry.

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Dividends

Guaranty Trust Holding Company Declares N1 Interim Dividend, Sets October 7 for Payout

Published

4 days ago

September 13, 2024

Investors King

Guaranty Trust Holding Company Plc has announced its plan to pay a sum of N1 per share of 50 kobo as interim dividends, to all registered shareholders on October 7, 2024.

According to a recent statement issued by the company on NGX , “the dividend is subject to withholding tax deduction, and will be paid to shareholders whose names appear in the register as of September 25, 2024.”

In its recently released audited consolidated and separate financial statements for the period ended June 30, the Group reported profit before tax (PBT) of N1.004 trillion, becoming the first Nigerian financial institution to cross the N1 trillion mark in profit.

This represented a 206.6 percent increase over N327.4 billion recorded in the corresponding period that ended June 2023.

The group’s profit for the period was slated at N905.67 billion, a 222 percent increase from 280.52 recorded in the corresponding period that ended June 2023.

“On October 7, 2024, the dividend will be paid electronically to ordinary shareholders whose names appear on the Register of Members as at September 25, 2024, and who have completed the e-dividend registration and mandated the Registrar to pay their dividends directly to their bank accounts,” the statement said.

Dividends

Stanbic IBTC to Pay N25.913 Billion in Interim Dividend for H1 2024

Published

2 weeks ago

September 4, 2024

Samed Olukoya

Stanbic IBTC has announced a proposed interim dividend of N1.50 per ordinary share of 50 kobo each for the first half (H1) of 2024. This amounts to a total payout of N25,913,996,000.

Subject to regulatory approval and deduction of withholding tax, the dividend will be paid to shareholders whose names appear on the Register of Members as of the close of business on Wednesday, 18 September 2024.

The Register of Shareholders will be closed from Thursday, 19 September 2024, to Thursday, 25 September 2024.

Shareholders can expect to receive their dividends electronically on Monday, 30 September 2024, provided they are registered on the Register of Members as of Wednesday, 18 September 2024, and have completed the e-dividend registration process, ensuring that their dividends are directly deposited into their bank accounts.

Shareholders who have not yet completed the e-dividend registration are encouraged to download the Registrar’s E-Dividend Mandate Activation Form from the First Registrars website: https://firstregistrarsnigeria.com/download-forms/, complete it, and submit it to the Registrar or their respective banks.

Dividends

Zenith Bank to Pay N1 In Interim Dividend for H1,2024

Published

2 weeks ago

September 2, 2024

Samed Olukoya

Zenith Bank Plc, Nigeria’s leading financial institution, has announced an interim dividend of N1 per every 50 kobo shares held in the company.

Only shareholders whose names appear in the Register of Members as of the close of business on the 13th of September 2024 will be paid.

The register of shareholders will be closed on September 16, 2024 while September 13th remains the qualification date.

Dividends will be paid electronically to shareholders whose names appear on the Register of Members as of September 13, 2024 and who have completed the e-dividend registration and mandated the Registrar to pay their dividends directly into their Bank accounts.

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.