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.
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 at 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).
Closure of Register – Only shareholders who own shares listed in their register before this date will be paid dividend.
You can also scroll sideways to view the rest of the columns if using a mobile phone.
|Company||DPS||Date Announced||Bonus||Closure of Register||AGM Date||Payment Date||Qualification date|
|Vitafoam Nigeria Plc||15 Kobo||13th February 2018||Nil||19th - 23rd February 2018||8th March 2018||9th March 2018|
|Nigeria Energy Sector Fund||N102||13th February 2018||Nil||19th - 23rd February 2018||N/A||23rd February 2018|
|Nigerian Breweries Plc||N3.13 (Final)||13th February 2018||Nil||7th - 13th March 2018||20th April 2018||23Ô_April 2018||6th March 2018|
|Transcorp Hotel||12.45 Kobo||21st Februay 2018||Nil||7th March 2018||16th March, 2018||19th March 2018|
|Total Nig. Plc||N14.00||26th February 2018||Nil||19thÔ_- 23rdÔ_March 2018||21st June 2018||22ndÔ_June 2018||16th March 2018|
|Africa Prudential Plc||N0.40||26th February 2018||Nil||13thÔ_- 19thÔ_March 2018||27thÔ_March 2018||27thÔ_March 2018||12th March 2018|
|United Capital Plc||N0.35||8th March 2018||Nil||9th - 15th March 2018||23rd March 2018||28th March 2018||8th March 2018|
|Nestle Nig Plc||N27.50||8th March 2018||Nil||7th - 11th May 2018||22nd May 2018||23rd May 2018||4th May 2018|
|Medview Airline||N0.03||8th March 2018||Nil||21st - 27th March 2018||28th March 2018||3rd April 2018||20th Marc 2018|
|Nascon Allied Industries Plc||N1.50||12th March 2018||Nil||20thÔ_- 23rdÔ_April 2018||3rdÔ_May 2018||8thÔ_May 2018||19th April 2018|
|Zenith Bank Plc||N2.45||12th March 2018||Nil||4thÔ_- 9thÔ_April 2018||13thÔ_April 2018||13thÔ_April 2018||3rd April 2018|
|Dangote Cement||N10.50||20th March 2018||Nil||16th April - 20th April 2018||20th June 2018||21st June 2018||13th April 2018|
|McNichols Consolidated Plc||N0.03||21st March 2018||Nil||20thÔ_- 23rdÔ_March 2018||19th April 2018||24th April 2018||19th March 2018|
|Guaranty Trust Bank Plc||N2.40||21st March 2018||Nil||28th March 2018||10th April 2018||10th April 2018||27th March 2018|
|Stanbic IBTC Holdings Plc||N0.50||21st March 2018||Nil||29th March-5th April 2018||19th June 2018||20th June 2018||28th March 2018|
|Julius Berger Nig. Plc||N1.00||21st March 2018||Nil||4th-6th June 2018||21st June 2018||22nd June 2018|
|Custodian and Allied Insurance Company Ltd||N0.32||22nd March 2018||Nil||April 12 - 17th 2018||24th April 2018||24th April 2018||11-Apr-18|
|GSK Plc||N7.5||22nd March 2018||Nil||24th April - 4th May 2018||24th May 2018||25th May 2018||23rd April 2018|
|Access Bank Plc||N0.40||21st March 2018||Nil||13th April - 18th April 2018||25th April 2018||25th April 2018||12th April 2018|
|Cadbury Plc||N0.16||22nd March 2018||Nil||11th June - 15th June 2018||6th July 2018||9th July 2018||N/A|
|Okomu Oil Plc||N3.00||22nd March 2018||Nil||15th to 18th May 2018||13th June 2018||25th June 2018||15th May 2018|
|United Bank for Africa||N0.65||23rd March 2018||Nil||10th April 2018||23rd April 2018||23rd April 2018||9th April 2018|
|MRS Oil Plc||Nil||26th March 2018||1 for every 5||2nd July - 6th July 2018||1st August 2018||N/A||28th June 2018|
|Newrest ASL||N0.18||26th March 2018||Nil||12th June - 15th June 2018||26th June 2018||27th June 2018||11th June 2018|
|CAP Plc||N2.05||26th March 2018||Nil||28th May - 1st June 2018||13th June 2018||14th June 2018||25th May 2018|
|Axa Mansard||N0.06||28th March 2018||Nil||24th April 2018||10th May 2018||10th May 2018||23rd April 2018|
|11 Plc (formerly Mobil Oil Nig. )||N8.00||29th March 2018||Nil||28th May - June 1st 2018||28th June 2018||2nd July 2018||25th May 2018|
|Pharma-Deko Plc||N0.05||29th March 2018||Nil||7th - 11th May 2018||22nd May 2018||23rd May 2018||4th May 2018|
|Transcorp Nig. Plc||N0.02||29th March 2018||Nil||18th - 24th April 2018||30th April 2018||2nd May 2018||17th April 2018|
|Dangote Sugar Refinery Plc||N1.25||29th March 2018||Nil||16th - 20th April 2018||21st June 2018||22nd June 2018||13th April 2018|
|BOC Gases Nig. Plc||N0.20||29th March 2018||Nil||4th - 11th June 2018||28th June 2018||28th June 2018||1st June 2018|
|Berger Paints Nig. Plc||N0.50||29th March 2018||Nil||7th - 11th May 2018||7th June 2018||8th June 2018||11th May 2018|
|Capital Hotels Plc||N0.05||29th March 2018||Nil||11th - 15th June 2018||27th June 2018||4th July 2018||8th June 2018|
|Eterna Plc||N0.40||29th March 2018||Nil||24th - 28th May 2018||19th June 2018||20th June 2018||23rd May 2018|
|UAC of Nigeria Plc||N0.65||31st March 2018||Nil||15th - 18th May 2018||20th June 2018||21st June 2018||14th May 2018|
|Dangote Flour Mills Plc||N0.20||3rd April 2018||Nil||23rd - 27th April 2018||22nd June 2018||27th June 2018||20th April 2018|
|FCMB Group Plc||N0.10||4th April 2018||Nil||13th - 19th April 2018||27th April 2018||30th April 2018||12th April 2018|
|Caverton Offshore Support Group Plc||N0.15||5th April 2018||Nil||26th April 2018||8th May 2018||8th May 2018||25th April 2018|
|Beta Glass Plc||N1.07||6th April 2018||Nil||18th - 22nd June 2018||5th July 2018||6th July 2018||15th June 2018|
|Aiico Insurance Plc||N0.05||6th April 2018||Nil||21st - 23rd May 2018||24th May 2018||25th May 2018||May 18th 2018|
|Lafarge Africa Plc||N1.50||9th April 2018||Nil||23rd - 27th April 2018||16th May 2018||16th May 2018||27th April 2018|
|Unilever Nig Plc||N0.50||9th April 2018||Nil||16th - 20th April 2018||N/A||11th May 2018||13th April 2018|
|Rak Unity Petroleum Company Plc||N0.10||9th April 2018||Nil||23rd - 27th July 2018||16th August 2018||16th August 2018||20th July 2018|
|Regency Alliance Insurance||N0.03||13th April 2018||Nil||30th April - 4th May 2018||24th May 2018||25th May 2018||27th May 2018|
|NAHCO Aviance Plc||N0.25||13th April 2018||Nil||3rd - 5th July 2018||20th July 2018||20th July 2018||2nd July 2018|
|Sterling Bank Plc||N0.02||16th April 2018||Nil||30th April - 4th May 2018||17th May 2018||17th May 2018||27th April 2018|
|Presco Plc||N2.00||16th April 2018||Nil||9th - 13th July 2018||25th July 2018||26th July 2018||6th July 2018|
|Aluminium Extrusion Industries Plc||8.50 Kobo||19th April 2018||Nil||13th - 17th August 2018||21st September 2018||24th September 2018||N/A|
|Consolidated Hallmark Insurance Plc||N0.02||20th April 2018||Nil||7th - 11th May 2018||22nd May 2018||22nd May 2018||4th May 2018|
|FBN Holdings Plc||N0.25||25th April 2018||Nil||7th - 11th May 2018||15th May 2018||16th May 2018||4th May 2018|
|Infinity Trust Mortgage Bank Plc||N0.02||26th April 2018||Nil||10th - 17th May 2018||24th May 2018||30th May 2018||9th May 2018|
|Law Union & Rock Insurance Plc||N0.04||26th April 2018||Nil||27th April - 2nd May 2018||3rd May 2018||5th May 2018||26th April 2018|
|NPF Microfinance Bank Plc||N0.17||27th April 2018||Nil||4th - 8th June 2018||28th June 2018||28th June 2018||1st June 2018|
|Fidelity Bank Plc||N0.11||30th April 2018||Nil||14th -18th May 2018||25th May 2018||25th May 2018||11th May 2018|
|CAP Plc||205 kobo||2nd May 2018||Nil||28th May - June 1st 2018||June 18th 2018||19th June 2018||25th May 2018|
|Omoluabi Mortgage Bank plc||N0.01||2nd May 2018||Nil||21st - 25th May 2018||26th July 2018||1st August 2018||19th May 2018|
|Lasaco Assurance Plc||N0.04||3rd May 2018||Nil||4th - 8th June 2018||21st June 2018||5th July 2018||1st June 2018|
|NEM Insurance Plc||N0.10||14th May 2018||Nil||4th - 8th June 2018||20th June 2018||20th June 2018||1st June 2018|
|Mutual Benefits Assurance Plc||N0.02||16th May 2018||Nil||14th - 20th June 2018||27th June 2018||28th June 2018||13th June 2018|
|Conoil Plc||200 kobo||5th June 2018||Nil||18th - 22nd June 2018||13th July 2018||23rd July 2018||14th June 2018|
|Cement Company of Nigeria Plc||N1.25||14th June 2018||Nil||19th - 22nd June 2018||26th July 2018||27th July 2018||14th June 2018|
|Learn Africa Plc||N0.14||29th June 2018||Nil||9th - 13th July 2018||30th August 2018||31st August 2018||6th July 2018|
|Flour Mills of Nigeria Plc||N1.00||2nd July 2018||Nil||6th - 10th August 2018||30th August 2018||3rd September 2018||3rd August 2018|
|Honeywell Flour Mills Plc||N0.06||3rd July 2018||Nil||10th - 14th September 2018||20th September 2018||21st September 2018||7th September 2018|
|University Press Plc||N0.15||3rd July 2018||Nil||3rd - 7th September 2018||27th September 2018||27th September 2018||31st August 2018|
|Linkage Assurance Plc||N0.05||18th July 2018||Nil||14th - 21st August 2018||28th August 2018||3rd September 2018||13th August 2018|
|Custodian Investment Plc (Interim)||N0.10||26th July 2018||Nil||20th - 24th August 2018||Nil||6th September 2018||17th August 2018|
|Guaranty Trust Bank Plc Interim)||N0.30||9th August 2018||Nil||16th August 2018||Nil||30th August 2018||15th August 2018|
|UPDC Real Estate Investment Trust||N0.19||15th August 2018||Nil||27th - 31st August 2018||Nil||31st August 2018||24th August 2018|
|Stanbic IBTC Holdings Plc (Interim)||N1.00||16th August 2018||Nil||29th August - September 4th 2018||Nil||26th September 2018||28th August 2018|
|Zenith Bank Plc (Interim)||N0.30||17th August 2018||Nil||20th August 2018||Nil||29th August 2018||17th August 2018|
|Union Homes Real Estate Investment Trust||N0.75||20th August 2018||Nil||5th September 2018||Nil||21st September 2018||Nil|
|Fidson HealthCare Plc||N0.20||28th August 2018||Nil||3rd - 7th September 2019||25th September 2018||26th September 2018||31st August 2018|
|Access Bank Plc (Interim)||N0.25||29th August 2018||Nil||7th September 2018||Nil||21st September 2018||6th September 2018|
|Guinness Nigeria Plc||N1.84||30th August 2018||Nil||24th - 28th September 2018||24th October 2018||25th October 2018||21st September 2018|
|United Bank for Africa Plc (Interim)||N0.20||31st August 2018||Nil||12th September 2018||Nil||17th September 2018||11th September 2018|
|PZ Cussons Nigeria Plc||N0.15||4th September 2018||Nil||24th September - 4th October 2018||18th October 2018||19th October 2018||4th October 2018|
|SIAML Pension ETF 40||N2.55||Nil||24th September 2018||N/A||25th September 2018|
|Stanbic IBTC ETF 30||N2.73||Nil||24th September 2018||N/A||25th September 2018|
|UPDC Real Estate Investment Trust||N0.31||23rd October 2018||Nil||8th - 12th November 2018||N/A||16th November 2018||7th November 2018|
|Total Nigeria Plc||N3.00||25th Ocotber 2018||Nil||26th - 30th November 2018||N/A||10th December 2018||23rd November 2018|
|Nigerian Breweries Plc||N0.60||25th Ocotber 2018||Nil||23rd - 28th November 2018||N/A||10th December 2018||22nd November 2018|
|Seplat Petroleum Dev. Company Plc||$0.05||30th October 2018||Nil||14th November 2018||N/A||6th December 2018||13th November 2018|
|Nestle Nig Plc||N20.00||30th October 2018||Nil||26th - 30th November 2018||N/A||10th December 2018||23rd November 2018|
|Prestige Assurance Plc||Nil||13th November 2018||41 for 100||28th November - 5th December 2018||N/A||N/A||27th November 2018|
|ValuAlliance Fund||N13.00||19th November 2018||Nil||11th December 2018||13th December 2018||20th December 2018||10th December 2018|
|Neimeth Pharmaceuticals Int'l||Nil||18th December 2018||1 for 10||18th - 23rd January 2019||6th February 2019||N/A||17th January 2019|
|Vitafoam Nig. Plc||N0.25k||31st December 2018||1 for 5||18th - 22nd February 2019||7th March 2019||8th March 2019||15th February 2019|
|SIAML Pension ETF 40||N1.17||Nil||25th January 2019||N/A||28TH January 2019|
|Mewrest ASL NIG Plc||20k||Nil||29th April - 3rd May 2019||16th May 2019||17th May 2019|
|Transcorp Hotel||15k||15th February 2019||Nil||28th February - 1 March 2019||15th March 2019||19th March 2019||27th February 2019|
|Nigerian Breweries Plc||N1.83K||18th February 2019||Nil||7th - 13th March 2019||17th May 2019||20th May 2019||6th March 2019|
|Transnational Corp. of Nig. Plc||3k||18th February 2019||Nil||1st - 5th March 2019||15th March 2019||19th March 2019||28th February 2019|
|Zenith Bank Plc||N2.50||19th February 2019||Nil||11th - 15th March 2019||18th March 2019||18th March 2019||8th March 2019|
|United Capital Plc||30kobo||21st February 2019||Nil||14th - 20th March 2019||28th March 2019||2nd April 2019||13th March 2019|
|Africa Prudential Plc||N0.50k||26th February 2019||Nil||14th - 20th March 2019||26th March 2019||26th March 2019||13th March 2019|
|Dangote Cement||N16.00||28th February 2019||Nil||4th - 10th June 2019||17th June 2019||18th June 2019||3rd June 2019|
|McNichols Consolidated Plc||N0.05k||1st March 2019||Nil||9th - 15th April 2019||16th April 2019||26th April 2019||8th April 2019|
|Nestle Nig Plc||N38.50k||4th March 2019||Nil||13th - 17th May 2019||28th May 2019||29th May 2019||10th May 2019|
|Seplat Petroleum Dev. Company Plc||US$0.05||6th March 2019||Nil||21st March 2019||16th May 2019||23rd May 2019||20th March 2019|
|Guaranty Trust Bank Plc||N2.45||6th March 2019||Nil||9th April 2019||18th April 2019||18th April 2019||8th April 2019|
|Stanbic IBTC Holdings Plc||N1.50k||7th March 2019||Nil||21st March 2019||19th June 2019||20th June 2019||20th March 2019|
|Access Bank Plc||N0.25k||14th March 2019||Nil||12th April 2019||25th April 2019||25th April 2019||11th April 2019|
|UBA Olc||N0.65||15th March 2019||Nil||3rd - 9th April 2019||23rd April 2019||23rd April 2019||2nd April 2019|
Seplat pegs exchange rate for its final dividend payment at N410.24/$
The value of the naira is down by 6.34% when compared with the N385.78/$ rate the company fixed for its interim dividend last year.
Nigeria’s leading independent oil and gas company, Seplat Petroleum Development Company has announced that an exchange rate of N410.24/$ will be applicable in the determination of its proposed final dividend of $0.05.
The company made this known in an announcement published on the Nigerian Stock Exchange “NGX” website, stating that the rates will be applicable to any shareholder that qualifies for and has elected to receive the dividend payment in Naira or GBP.
Since Seplat is listed on both the Nigerian Exchange Limited and London Stock Exchange, the exchange rates for the naira and the pound sterling amounts payable to shareholders were respectively determined with specific reference to the dollar.
- 1 USD = 410.24 Naira
- 1 USD = 0.7197 GBP
What you should know
The CBN official exchange rate currently stands at N379/$. Checks at the time of drafting this report revealed that the Naira rate adopted by Seplat for the payment of its final dividend is the official rate for foreign exchange spot operations in the Investors and Exporters FX Window (NAFEX).
The recent exchange rate disclosed by the oil company speaks volume about the persistent fall in the value of the naira which is down by 6.34% when compared with the N385.78/$ rate the company fixed for the payment of its interim dividend six months ago.
What this means
The exchange rate proposed by the company seems fair as it holds a fairly robust premium of N31.24/$ when compared with the CBN rate of N379/$.
However, the Seplat rate is -15.41% or -₦74.76/$ low when compared with the parallel market rate of N485/$1.
Nigerian stocks you can buy today and still qualify to earn dividends
The conditions given by a number of companies on NGX provide new investors with the opportunities to benefit from their dividends.
Listed entities on the Nigerian Stock Exchange “NGX” have taken active steps to make their shareholders happy and this is evident in the juicy dividends which these companies have announced so far in 2021 from the profit which they made through their operations in 2020.
Since the companies will be paying shareholders from the profit which they made last year, one would think those qualified to earn these dividends are investors who bought some ownership stakes in the company last year or those that bought the shares of the company early in 2021.
Interestingly, this is not so as the conditions given by a number of these companies provide new investors with the opportunities to benefit from these dividends.
These conditions are flexible enough to permit anyone who buys stakes in these companies today the 27th of April, to receive dividends payment as stated in the companies’ initial dividend disclosure.
Conditions for qualifying shareholders
To qualify for this payment there are some key important rules to abide by as a qualifying shareholder.
- Shares of the listed company must be bought at least 3 working days before the dividend qualification date.
- Shareholders must have completed the e-dividend registration and mandated the Registrar to pay their dividends directly into their bank accounts.
Nestle Nigeria Plc (NESTLE)
The company in its guidelines revealed that only shareholders whose names appear in the Register of Members on May 21 2021, will be paid a final dividend of N35.50 per share.
Hence, to qualify for this dividend, new shareholders must purchase shares of this company not later than three working days before the 21st of May 2021.
The dividend yield of the company’s shares is put at 2.50%, as Nestle shares are valued at N1,450 per share at the open of market this morning.
By June 23, 2021, the dividends will be paid electronically to shareholders whose names were entered into the Register of Members before the deadline date.
Lafarge Africa Plc (WAPCO)
Lafarge recently announced that a final dividend of N1.00 per share will be paid to shareholders of the company whose names appear in the Register of Members as at 30th April 2021.
This means to qualify for the dividend payment, shares of the cement manufacturer must be purchased today, the 27th of April.
With the shares of Lafarge Africa Plc valued at N22.3 price on the exchange this morning, the company’s dividend yield is put at 4.48%.
The proposed dividend, if approved at the company’s Annual General Meeting will be paid on Tuesday, 25th May 2021 to the qualified shareholders.
MTN Nigeria Communication Plc
MTN has also set-out clear instructions in an announcement for investors to qualify to receive the proposed dividend payment of N5.9.
In line with the disclosure only shareholders of the company whose names appear in the Register of Members as at 4th of May 2021 will qualify to receive the dividend.
The dividend yield of the company’s shares is put at 3.58%, going with MTN’s market open price of N165 per share.
On May 26, 2021 the dividends declared by MTN will be paid to shareholders of the company whose names appear on the Register of Members as at May 4, 2021.
BUA Cement Plc (BUACEMENT)
The cement company in a recent disclosure informed the investing public that a dividend of N2.067 kobo has been proposed by the company’s board.
BUA Cement added that the dividend will be paid on July 23, 2021, to shareholders whose names appear in the Register of Members as at the close of business on July 9, 2021.
This means that to qualify for this dividend, the shares of the company must be purchased not later than three working days before the dividend qualification date.
With the N72.7 price of BUA Cement shares as of today’s open, the dividend yield of the company is put at 2.84%.
UAC of Nigeria Plc
The company in its guidelines revealed that only shareholders whose names appear in the Register of Members on June 14 2021, will be paid an ordinary dividend of 65 kobo per ordinary share; and a special dividend of 55 kobo per ordinary share, bringing the total dividend payout to N1.20 per share.
Hence, to qualify for this dividend, new shareholders must purchase shares of this company not later than three working days before the 14th of June 2021.
The dividend yield of the company’s shares is put at 10.95%, as its shares are valued at N10.95 per share at the open of market this morning.
By July 1, 2021, the dividends will be paid electronically to shareholders whose names were entered into the Register of Members before the deadline date.
What you should know
- It is standard practice that companies with strong financial performance pay shareholders dividends from profits, this practice allows shareholders to reap economic gains from the companies in which they own shares.
- On the dividend qualification date, the shares of these companies will be marked down on the Nigerian Stock Exchange, to reflect the total amount of dividend per share that shareholders will receive.
- After the approval of the dividends at their Annual General Meetings, companies maintain the culture of paying shareholders their dividends on the next business day after the AGM.
Nairametrics | Company Earnings
Access our Live Feed portal for the latest company earnings as they drop.
- Okomu Oil proposes dividend worth N6.7 billion for shareholders.
- Ardova Plc confirms appointment of Oladeinde Nelson-Cole as secretary.
- Cadbury Nigeria Plc set to hold 56th Annual General Meeting (AGM) on June 16.
- FCMB Group Plc appoints Muibat Ijaiya as Director.
- Afromedia Plc reports a loss after tax of N27.3 million in Q1 2021.