Share prices of companies get marked down on the first day of their period set aside for closure of register. The following companies are going to be marked down today.
Sterling Bank – Sterling Bank released its 2015 FY results reporting an earnings per share of 36 kobo representing a 14% drop compared to the 42 kobo reported a year earlier. The bank declared dividends of 9 kobo per share. It’s share price is currently about N1.68 and was up 3.2% as at Friday, 1st of April 2016. The share price is currently down 8% year to date and about 24% down in the last one year. Sterling Bank will get marked down April 4th as such you will not earn the current dividend declared if you buy after April 1, 2016.
Dangote Sugar – The Sugar giant released its 2015 results reporting an earnings per share of 96 kobo relatively flat when compared to the 97 kobo reported in 2014. The company declared a dividend per share of 50 kobo. The company’s share priced closed Friday at a price of N6 down 2.2%. The share price is currently down 10.8% in the last one year and has been basically flat year to date. Dangote Sugar will get marked down 4th of April so it is pretty late to buy if you wanted to earn the dividend.