Dividends Announced in the Week Ended October 28, 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.