A case for investing in dividend stocks

As audited accounts start to trickle in companies will propose dividend payments to their shareholders as recommended by their respective board of directors. It is also important to track these announcements to know who is eligible to collect dividend, when it will be approved and when it will be paid. Dividend payment also affect share prices

Legend

Closure of Register – Only shareholders who own shares before this date will be paid dividend. If you sell before this date you won’t get dividend. If you sell after you will still get dividend but the new owner will not get.

Payment date – This is when dividend will be paid to you either via post (dividend warrants) or direct credit to your bank accounts (e-dividend).

S/N Company Dividend Bonus Closure AGM date Payment Date
1Niger Insurance3 koboNil 24th Dec – 2nd Jan 201414th January 201416th January 2014
2NEM Insurance6 koboNil 10th – 15th January, 201430th January 20144th February, 2014
3PZ Cussons (interim dividend)19.91 koboNil 3rd – 4th February 2014N/A12th February 2014
4Vitafoam Nigeria30 koboNil 17th – 21st February 20146th March 201410th March, 2014
5Neimeth PharmaceuticalsNil 1 for 512th February 201417th March 2014N/A
6PZ Cussons (Special Dividend)N1.30Nil 3rd – 4th March 13th March 201417th March 2014
7Forte OilN4.00Nil 10th – 12th March 201428th March 20144th April 2014
8Nigerian Breweries N4.50Nil 6th – 12th March 2014 14th May 201415th May 2014
9Mcnichols Consolidated3 koboNil 17th April 201417th July 201425th July 2014
10Africa Prudential Registrars35 koboNil 17th – 21st March 20143rd April 20144th April 2014
11Nestle Nigeria N24.00Nil 28th April 201412th May 201413th May 2014
12Transcorp 5 koboNil 10th – 14th March 201431st March 20141st April 2014
13Union Homes REITSN2.41 Nil 17th – 21st March 201427th March 20143rd April 2014
14GSK Nigeria N1.30Nil 16th – 22nd May 201411th June 201412th June 2014
15Zenith BankN1.75Nil 24th – 28th March 20142nd April 20144th April 2014
16GTBankN1.45Nil 28th March 201414th April 201414th April 2014
17Okomu N1.00Nil 13th – 16th May 201411th June 201416th June 2014
18Cadbury N1.30Nil 9th – 11th April 201413th May 201414th May 2014
19Airline Services & Logistics 12 koboNil 19th – 23rd May 201412th June 201413th June 2014
20Berger Paints70 koboNil 2nd – 6th June 201417th July, 201422nd July 2014
21Julius BergerN2.701 for 102nd – 6th June 201419th June 201421st June 2014
22CAPN1.00Nil 20th – 23rd May 201419th June 201420th June 2014
23Lafarge Cement WapcoN3.30Nil 28th April – 2nd May 20149th July, 201410th July 2014
24Paints & Coatings Manufacturers 8 koboNil 3rd – 4th April 201421st May 20147th July 2014
25UACNN1.75Nil5th – 9th May 201425th June 201426th June 2014
26CCNN70 koboNil 4th – 6th August 201414th August 201420th August 2014
27Total N9.00Nil 22nd – 28th April, 201413th June, 201416th June, 2014
28UBA 50 koboNil 14th April, 201425th April, 201428th April, 2014
29Trans Nationwide Express10 koboNil 21st – 25th July, 201431th July, 201414th August, 2014
30NAHCO30 koboNil 19th – 23rd May 201427th June 201427th June 2014
S/NCompanyDividendBonusClosure of RegisterAGM datePayment Date
31Unilever N1.25Nil 14th – 22nd April 201415th May 201416th May 2014
32UACN Property Dev. Co. Plc70 kobo1 for 4Dividend: 6th May 20144th June 20145th June 2014
Bonus: 13th May 2014
33Diamond Bank30 koboNil 17th – 18th April 201424th April 201428th April 2014
34Courteville Business Solutions Plc2 koboNil 13th May 201427th May 201411th June 2014
35Sterling Bank25 koboNil 14th – 18th April 201430th April 201430th April 2014
36ABC Transport6 kobo1 for 1011th – 15th August 201429th August 201412th Sept. 2014
37Mansard Insurance4 koboNil 11th April 201424th April 201424th April 2014
38MRS Oil74.96 koboNil 14th – 18th July 20147th August 20148th August 2014
39Mobil OilN6.00Nil 29th – 30th April 201428th May 20144th June 2014
40FCMB Group30 koboNil 19th – 23rd May, 20146th June, 20149th June, 2014
41UBA Capital25 koboNil 22nd – 25th April 201429th April 20146th May 2014
42Fidelity Bank14 koboNil 14th – 18th April 20142nd May 20142nd May 2014
43Custodian & Allied Plc11 koboNil 7th – 11th April 20148th May 20149th May 2014
44Ashaka Cement 42 koboNil 28th April – 2nd May 201417th June 201418th June, 2014
45Stanbic IBTC Holdings10 koboNil 17th April 201421st August, 201426th August 2014
46Learn Africa12 koboNil 12th – 16th May 20145th June 20146th June 2014
47Access Bank35 koboNil 17th April 201430th April 201430th April 2014
48Dangote CementN7.00 Nil 22nd – 25th April 20142nd May 20145th May 2014
49Infinity Trust Mortgage Bank3 koboNil 16th April 201413th May 201415th May 2014
50Computer Warehouse Group 8 koboNil 17th April 201419th June 201419th June 2014
51BOC Gases Nigeria 10 koboNil 27th – 30th May 201426th June 20147th July 2014
52Skye Bank30 koboNil 15th May 201428th May 201429th May 2013
53Greif Nigeria 60 koboNil 28th – 30th April 201414th May 201419th May 2014
54FBN HoldingsN1.10Nil 5th May 201422nd May 201426th May 2014
55NPF Microfinance Bank 10 koboNil 9th – 13th June 201426th June 201427th June 2014
56Capital Hotel5 koboNil 9th – 13th June 201424th June 20148th July, 2014
57Beta Glass38 koboNil 5th – 9th May 20148th July 20149th July 2014
58A.G. Leventis16 koboNil 5th – 9th May 201418th September 201419th September 2014
59Presco 10 koboNil 7th – 9th July 201422nd July 201424th July 2014
60Fidson 10 koboNil 7th – 11th July 201417th July 201418th July 2014
61Dangote Sugar60 koboNil 2nd May 201423rd May 201429th May 2014
62Japaul 2 koboNil 16th – 20th June 201427th June 20147th July 2014
63Aluminium Extrusion7.5 koboNil 28th July 20148th August 201411th August 2014
64National Salt Company of Nig 90 koboNil 10th – 11th June 201419th June 201422nd June 2014
65SCOA15 koboNil 17th – 20th June 20143rd July 201424th July 2014
66Triple Gee2 koboNil 25th September 201422nd – 24th Sept 201410th October 2014
67Redstar Express35 koboNil 28th – 31st July 201414th August 201425th August 2014
68Smart Products22.5 koboNil 3rd – 10th July 201430th July, 201411th August 2014
69Seven-Up Bottling Co. N2.50Nil 14th – 25th July 201424th September 201430th September 2014
70Continental Re-insurance11 koboNil 4th – 8th August 201412th August 201413th August 2014
71University Press35 koboNil 1st – 4th September 201425th September 201425th September 2014
72Niger Insurance 3.5 koboNil 21st – 25th July 201431st July 20144th August 2014
73International Breweries 32 koboNil 11th – 15th August 20142nd September 20143rd September 2014
74Stanbic IBTC HoldingsN1.10Nil 5th August 201421st August 201426th August 2014
75C & I Leasing4 koboNil 11th – 15th August 201414th August 201418th August 2014
76Honeywell Flour Mills17 koboNil 8th – 12th September 201416th September 201417th September 2014
77Custodian & Allied (Interim)6 koboNil 11th – 15th August 2014N/A12th September 2014
78Roads Nigeria 60 kobo1 for 419th – 25th Sept. 201425th September 20146th October 2014
79Flour Mills of Nigeria N2.101 for 1018th – 22nd August 201410th September 201415th September 2014
80Northern Nigeria Flour Mills40 koboNil 18th – 22nd August 20149th September 201418th September 2014
81Conoil N4.00Nil 1st – 5th September 201430th September 201413th October 2014
82Cutix12 koboNil 20th – 24th October 201431st October 201417th November 2014
83Royal Exchange5 koboNil 15th – 19th September, 201424th September, 201429th September ,2014
84PZ Cussons 61 koboNil 22nd – 26th September 20149th October 201413th October 2014
85Academy Press8 koboNil 30th Sept – 9th Oct 201416th October, 20143rd November, 2014
86Guaranty Trust Bank25 koboNil 4th September 2014N/A18th September 2014
87Access Bank (Interim)25 koboNil 9th September 2014N/A23rd September 2014
88Guinness Nigeria N3.20Nil 13th – 17th October 201413th November 201414th November 2014
89Oando 30 kobo Nil 2nd October 2014To be advised 17th November 2014
90Oando (Interim)70 kobo Nil 18th November 2014N/A 15th December 2014
91Daar Communications Nil 1 for 27th November 201420th November 2014N/A
92CAP (Interim)N1.50NIL 4th – 6th November 2014N/A19th November 2014
93Nigerian Breweries N1.25Nil 13th – 19th November 2014N/A20th November 2014
94NEM Insurance6 koboNil 18th - 21st November, 201427th November, 20144th December, 2014
95Nestle Nigeria (Interim)N10.00Nil 24th – 28th November 2014N/A8th December 2014
96Seplat Petroleum (Interim)N9.30Nil 7th November 2014N/A24th November 2014
97Total Nigeria (Interim)N2.00Nil1st – 5th December 2014N/A15th December 2014
98Nigeria Energy Sector FundN92.00Nil 1st December 2014N/A3rd December 2014
99Nigeria Enamelware 45 koboNil 8th – 12th December 201418th December 201419th December 2014
100SIM Capital Alliance Value FundN10.00Nil 22nd December 201423rd December 201430th December 2014

 

Last updated November 6th, 2014

Source: NSE / Nairametrics Data

 

 

Coronation Research

32 COMMENTS

  2. Jst want to get some clearification, are dividend paid to shareholders as soon as bank and other organisations declare their quarterly profit after tax? Or they accumulated till d financial year ends, pls advice

    • Hi Sam, Dividend is paid annually or semi annually depending on the company’s dividend policy. However, before dividends are paid the results of the company must have been audited and dividend proposed approved by shareholders. Quarterly results are mostly unaudited as such dividends are not paid quarterly. Regards

  3. I need help concerning a question I seem not to have found an answer to. I know stock price reduce when demand is more than supply, but who determines the margin of reduction? Example: A stock price’s starting price for the day is N10.50 and closed at N9.0, yes it’s obvious more investors are selling their stocks but why did it reduce by N1.5 ? why not by N2? so who determines the exact margin. Thanks in anticipation of your response

    • Hi,the closing price is determined after taking the average of prices traded at the close of trading. The prices are also determined between the seller and buyer and may differ for different buyers and sellers on any given day. So for example Mr A & B wants to sell their shares in company XYZ. Mr A can sell to Mr C @N1 and Mr B sells to Mr D at N1.1. The closing price will be the average of the two if there are no later trades in between. Hope this helps.

    • Apart from the regulatory headwinds affecting the banking industry, the Bank’s results hasn’t been very impressive. The market typically punishes stocks when you have a combo of negative news and perceived poor results.

  7. Why are some companies in the Nigeria stock exchange not posting dividends to their shareholders as when due despite having all details of the shareholders? For example I was expecting my dividend from Fidelity Bank, and others, as well as bonuses from many companies. I thought all Registrars have all details of all shareholders of companies under their domain. It should be known that prompt payment of dividends and bonuses by stakeholders in the Nigeria stock Exchange will encourage the players towards the stimulation of the market and economic activities.

  11. Great Resource for us starting to chart a business meridian.

    Can you also post information about dividend paying history of companies to enable us in charting our investments.

    Appreciate your good job.

    B-M

    • I bought transcorp ordinary shares 2006 and up till now i have not recieved any share dividends..even when i went to their register with my share certificate to confirm i was told nothing has entered my accout..please i really need to know how to go about this.

  13. my complaints is that I bought a shares in dangote flour mill since 2007. since then I have received dividend once in 2008 pls can someone’s advice me how to about it?

  14. I never received my 2014 Zenith bank dividend (e-payment) up till now, pls what happened & when is the payment ?

  15. Pls, I want to inquire about this. For someone that bought a company shares in less than 4months before they declares giving out bonuses and dividends to their shareholders.
    Will that shareholder be eligible to the dividentds and bonuses?
    AND SECONDLY
    For someone that bought the shares in an online platform that enables one to trade real time.
    how will that person recieve the bonuses and dividends?

    • Dividend are paid to shareholders who are in the register before the date of closure. Typically, the announce a date for closure of register which is usually a day after the marked down day. For example, a company can announce it is proposing to pay dividend to shareholders who own shares as at March 11, 2015. It also announce closure of register for March 12. What it means is that if you did not sell your shares and still have it as at March 11, 2015 you will qualify for dividend payment. When you buy shares online you also get paid dividend the same way as someone who buys offline

  16. Please if someone buy zenith bank shares today(13/03/2015), would he be entitled to dividend since Zenith closing date for 2014FY dividend is 16th of March 2015.

  17. Assuming I buy into a stock that will close 1st-7th of April, when can I sell the stock and still be entitled to its dividend? SECONDLY, what is the meaning of ex- dividend date?

    • If you sell after closure. Ex dividend date is the date after the register is closed and the stock is marked down. Marking a stock down means dividend will be deducted from the latest share price on that day.

    • Assuming a stock that close on 25-31 of march was bought, when can the stock be sold within the time framed and one will still be entitled to the dividend? SECONDLY, what is the meaning of ex-dividend date? Thank you.

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