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 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.