United Capital 2017 AGM

The following stocks would be paying their dividends or closing their registers this week. Closure of register is used to determine the cut-off period within which investors will receive dividends or not. Investors, who sell before the closure dates, do not get dividends, while those who buy after the closure dates, do not receive dividends.

Total Nigeria Plc

Total Nigeria Plc will be closing its shareholders register from the 19th to 23rd of March, 2018. Total declared a final dividend of ₦14 per share. For the year ended December 2017, Total made ₦288 billion as revenue and a profit after tax of ₦8 billion.

Africa Prudential Plc

Africa Prudential Plc ends its closure period tomorrow, the 19th of March, 2018. For the year ended December 2017, the company had gross earnings of ₦3.3 billion, and a profit after tax of ₦1.7 billion.

United Capital Plc

United Capital Plc will be holding its Annual General Meeting (AGM) on Friday March 23rd 2018. The company will pay a dividend of ₦0.35 per share. For the year ended December 2017, the company made gross earnings of ₦8.7 billion and a profit after tax of ₦4.3 billion.

Medview Airline

Medview Airline will commence its closure period from Wednesday, the 21st of March, 2018. It will end on Tuesday, the 27th of March, 2018. For the year ended December 2017, the company made gross earnings of ₦36.9 billion and a profit after tax of ₦1.2 billion.

How to get your dividends

The Securities and Exchange Commission (SEC) has stopped the issuance of physical dividends. Investors are thus encouraged to register for their electronic dividends at any bank’s branch. Dividends, henceforth, will be wired directly to investors’ bank accounts.

The commission has also created a portal to enable investors to search for the companies they have shares in and the registrars to those firms.

 

Onome Ohwovoriole has a degree in Economics and Statistics from the University of Benin and prior to joining Nairametrics in December 2016 as Lead Analyst had stints in Publishing, Automobile Services, Entertainment and Leadership Training. He covers companies in the Nigerian corporate space, especially those listed on the Nigerian Stock Exchange (NSE). He also has a keen interest in new frontiers like Cryptocurrencies and Fintech. In his spare time, he loves to read books on finance, fiction as well as keep up with happenings in the world of international diplomacy. You can contact him via onome.ohwovoriole@nairametrics.com

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