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

This page will be updated from time to time.

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Legend

Date Announced – The date the company announced dividends evidenced by a corporate action published on the website of the NSE.

Qualification date – Shareholders who own shares as of this date will receive dividends. If you buy shares and want to receive dividends make sure it is at least three days before this date. Shares get transferred to you on the basis of the T+3 rule (the date you bought plus 3 working days).

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

Calculate Dividends

Closure of Register – Only shareholders who own shares listed in their register before this date will be paid dividends.

You can also scroll sideways to view the rest of the columns if using a mobile phone.

READ MORE: How to read stock market tables

2020 Dividends from companies quoted on the Nigerian Stock Exchange

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Nigerian stock market began the trading week on a positive note. The All Share Index gained 0.29% to close at 24,766.12 basis points as against +0.18% appreciation recorded at the last trading session. Nigeria bourse Year-to-Date (YTD) returns currently stands at -7.73%.

Trading volume was impressive on Monday’s trading session as trading volume surged by +83.45% as against -32.45% plunge recorded in the previous session. RANSCORP, CUSTODIAN, and GUARANTY were the most active to boost market turnover.

READ MORE: $30 billion worth of BTCs disappears forever 

Market breadth closed positive as NEIMETH led 19 Gainers as against 15 Losers topped by UACN at the end of today’s session – an unimproved performance when compared with the previous outlook.

Top gainers

NEIMETH up 10.00% to close at N1.65,FLOURMILL up 9.97% to close at N18.75,GLAXOSMITH up 8.16% to close at N5.3,BUACEMENT up 2.03% to close at N40.2,GUARANTY up 1.56% to close at N22.85.

READ MORE: Top banks’ stocks plunge, as bears overwhelms Nigerian tier-2 banks’ rally

Top losers

UACN down 10.00% to close at N6.3, AIICO down 9.57% to close at N0.85, CUSTODIAN down 7.27% to close at N5.1, NEM down 5.00% to close at N1.9, DANGSUGAR down 3.77% to close at N11.5.

Outlook

Nigeria bourse ended on a positive note despite falling crude oil prices, as institutional investors increased their buying pressures on some Nigerian stocks. Narametrics however envisages cautious buying as growing concerns on the resurgence of COVID-19 virus raises some fears among investors.

A total of 27 stocks out of 165 ended the last week in July with gains. The stock market squeezed out a 0.88% gain in July as the earnings season and economic uncertainty weighted down on stocks.

However, one equity stood tall among the rest as the best performer this week and second-best in July. It is also one of the best equities this year having gained over 60%.

READ ALSO: NSE holds ETF workshop, showcases broader investment opportunities

The equity is New Gold ETF an exchange-traded fund listed on the Nigerian Stock Exchange. It gained 17.4% last week alone and 27.5 in July month to date.

What is New Gold ETF? This is an exchange-traded fund managed by Vetiva Securities.

• It tracks the price of gold and offers institutional and retail investors the opportunity to invest in a listed instrument (structured as a debenture) that is fully backed by gold bullion.
• Each NewGold security is equivalent to approximately 1/100 ounces of real gold bullion held in a secured stockpile of gold bullion.
• All gold is kept in the form of London Gold Delivery Bars and Good Delivery Standards are prescribed by LBMA.
• Its unit price rose from M7,995 to N8.500 in just one week.

READ MORE: Gold prices surge by 17.4% in 2 months due to global economic crisis

Why is it hot? Not clear what is driving demand however, we believe the uncertainty in the economy and the limited viable investment options is driving smart money towards this ETF.

• Investors typically flee to gold during periods of uncertainty and this could just be an example.
• Gold prices have also hit multiple. highs in recent weeks in markets across the world.
• The dollar is also under pressure as Americans step up their bailout plans. This is impacting positively on Gold prices.
• It is also the best performing Mutual Fund in 2020.