THE WEEK AHEAD: Dividends, marked downs, results

This is a recap of stocks that were marked down the previous week, and an outlook on stocks to be marked down this week.

The following companies were marked down for dividend payments last week.

Julius Berger Plc

Julius Berger Plc was marked down by N1 following a dividend payment. Previous dividend payment price was N26.55.   

LASACO Assurance Plc

LASACO Assurance was marked down by N0.04. Ex-dividend price was N0.34.

 NPF Microfinance Bank Plc

Nigerian Police Force Microfinance Plc was marked down by N0.17. Ex-dividend price was N1.76.

B.O.C. Gases Plc

B.O.C Gases was marked down by N0.20. Ex-dividend price was N4.43.

N.E.M Insurance Plc

N.E.M Insurance was marked down by N0.10 following a dividend payment. Ex-dividend price was N2.46.

Companies having corporate actions this week

Cadbury Plc

Cadbury Nigeria Plc will be closing its register from Monday, the 11th of June to Friday, the 15th of June, 2018.

The stock may not witness much traffic, despite a proposed dividend of N0.16 per share. 74% of the company’s issued share capital is held by Cadbury Schweppes Overseas Limited, which is ultimately controlled by Mondelez International.

CAP Plc

Paint maker, CAP Plc, which is a subsidiary of UAC of Nigeria Plc, will be holding its Annual General Meeting (AGM) on the 13th of June, 2018. Dividend payment, if approved by shareholders, will take place on the 14th of June, 2018.

AGMs provide an opportunity for management to inform investors of the company’s outlook for the rest of the year and any other pertinent information.

50% of CAP’s issued share capital, amounting to 350,652,700 shares, is held by the parent company, UACN.

The stock is a favourite for PFAs and other institutional investors, hence, not much volatility in trading is expected. The stock is up 8.24% year-to-date, showing little price appreciation. 

Beta Glass Plc

Beta Glass Plc has its qualification date on the 15th of June, 2018. Investors who buy the stock 3 days before the specified date will qualify for dividends. The company is up 70.24% year-to-date. Significant upside at current market sentiments are unlikely.

Beta Glass is on Nairametrics’ list of stocks to watch in June.

Okomu Oil Palm Company Plc

Okomu Oil will be holding its Annual General Meeting (AGM) on the 13th of June, 2018. Payment, if approved, will take place on the 25th of June.

Capital Hotels Plc

Capital Hotels Plc will be closing its shareholders register from Monday, the 11th to Friday, the 15th of June, 2018.

Mutual Benefit Assurance Plc

Mutual Benefits Assurance has Wednesday, the 13th of June, 2018, as its qualification date. Closure of its register will take place between, Thursday, the 14th of June to Wednesday, the 20th of June, 2018.

The stock has topped the gainers’ chart in the past few weeks on the back of the dividend being its first in nearly a decade. Gains have since tapered down.

Conoil Plc

Conoil Plc has the 14th of June, 2018, as its qualification date. Investors holding the stock on this date will qualify for dividends.

The stock tends to witness significant appreciation once dividends are declared. Year-to-date, the stock is up 14.29%.