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Dividends

List of Dividends announced so far in 2018

List of Dividends announced so far in 2018

Published

on

Guinness Nigeria AGM

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.

Legend

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.

CompanyDPSDate AnnouncedBonusClosure of RegisterAGM DatePayment DateQualification date
Vitafoam Nigeria Plc15 Kobo13th February 2018Nil19th - 23rd February 20188th March 20189th March 2018
Nigeria Energy Sector FundN10213th February 2018Nil19th - 23rd February 2018N/A23rd February 2018
Nigerian Breweries PlcN3.13 (Final)13th February 2018Nil7th - 13th March 201820th April 201823Ô_April 20186th March 2018
Transcorp Hotel12.45 Kobo21st Februay 2018Nil7th March 201816th March, 201819th March 2018
Total Nig. PlcN14.0026th February 2018Nil19thÔ_- 23rdÔ_March 201821st June 201822ndÔ_June 201816th March 2018
Africa Prudential PlcN0.4026th February 2018Nil13thÔ_- 19thÔ_March 201827thÔ_March 201827thÔ_March 201812th March 2018
United Capital PlcN0.358th March 2018Nil9th - 15th March 201823rd March 201828th March 20188th March 2018
Nestle Nig PlcN27.508th March 2018Nil7th - 11th May 201822nd May 201823rd May 20184th May 2018
Medview AirlineN0.038th March 2018Nil21st - 27th March 201828th March 20183rd April 201820th Marc 2018
Nascon Allied Industries PlcN1.5012th March 2018Nil20thÔ_- 23rdÔ_April 20183rdÔ_May 20188thÔ_May 201819th April 2018
Zenith Bank PlcN2.4512th March 2018Nil4thÔ_- 9thÔ_April 201813thÔ_April 201813thÔ_April 20183rd April 2018
Dangote CementN10.5020th March 2018Nil16th April - 20th April 201820th June 201821st June 201813th April 2018
McNichols Consolidated PlcN0.0321st March 2018Nil20thÔ_- 23rdÔ_March 201819th April 201824th April 201819th March 2018
Guaranty Trust Bank PlcN2.4021st March 2018Nil28th March 201810th April 201810th April 201827th March 2018
Stanbic IBTC Holdings PlcN0.5021st March 2018Nil29th March-5th April 201819th June 201820th June 201828th March 2018
Julius Berger Nig. PlcN1.0021st March 2018Nil4th-6th June 201821st June 201822nd June 2018
Custodian and Allied Insurance Company LtdN0.3222nd March 2018NilApril 12 - 17th 201824th April 201824th April 201811-Apr-18
GSK PlcN7.522nd March 2018Nil24th April - 4th May 201824th May 201825th May 201823rd April 2018
Access Bank PlcN0.4021st March 2018Nil13th April - 18th April 201825th April 201825th April 201812th April 2018
Cadbury PlcN0.1622nd March 2018Nil11th June - 15th June 20186th July 20189th July 2018N/A
Okomu Oil PlcN3.0022nd March 2018Nil15th to 18th May 201813th June 201825th June 201815th May 2018
United Bank for AfricaN0.6523rd March 2018Nil10th April 201823rd April 201823rd April 20189th April 2018
MRS Oil PlcNil26th March 20181 for every 52nd July - 6th July 20181st August 2018N/A28th June 2018
Newrest ASLN0.1826th March 2018Nil12th June - 15th June 201826th June 201827th June 201811th June 2018
CAP PlcN2.0526th March 2018Nil28th May - 1st June 201813th June 201814th June 201825th May 2018
Axa MansardN0.0628th March 2018Nil24th April 201810th May 201810th May 201823rd April 2018
11 Plc (formerly Mobil Oil Nig. )N8.0029th March 2018Nil28th May - June 1st 201828th June 20182nd July 201825th May 2018
Pharma-Deko PlcN0.0529th March 2018Nil7th - 11th May 201822nd May 201823rd May 20184th May 2018
Transcorp Nig. PlcN0.0229th March 2018Nil18th - 24th April 201830th April 20182nd May 201817th April 2018
Dangote Sugar Refinery PlcN1.2529th March 2018Nil16th - 20th April 201821st June 201822nd June 201813th April 2018
BOC Gases Nig. PlcN0.2029th March 2018Nil4th - 11th June 201828th June 201828th June 20181st June 2018
Berger Paints Nig. PlcN0.5029th March 2018Nil7th - 11th May 20187th June 20188th June 201811th May 2018
Capital Hotels PlcN0.0529th March 2018Nil11th - 15th June 201827th June 20184th July 20188th June 2018
Eterna PlcN0.4029th March 2018Nil24th - 28th May 201819th June 201820th June 201823rd May 2018
UAC of Nigeria PlcN0.6531st March 2018Nil15th - 18th May 201820th June 201821st June 201814th May 2018
Dangote Flour Mills PlcN0.203rd April 2018Nil23rd - 27th April 201822nd June 201827th June 201820th April 2018
FCMB Group PlcN0.104th April 2018Nil13th - 19th April 201827th April 201830th April 201812th April 2018
Caverton Offshore Support Group PlcN0.155th April 2018Nil26th April 20188th May 20188th May 201825th April 2018
Beta Glass PlcN1.076th April 2018Nil18th - 22nd June 20185th July 20186th July 201815th June 2018
Aiico Insurance PlcN0.056th April 2018Nil21st - 23rd May 201824th May 201825th May 2018May 18th 2018
Lafarge Africa PlcN1.509th April 2018Nil23rd - 27th April 201816th May 201816th May 201827th April 2018
Unilever Nig PlcN0.509th April 2018Nil16th - 20th April 2018N/A11th May 201813th April 2018
Rak Unity Petroleum Company PlcN0.109th April 2018Nil23rd - 27th July 201816th August 201816th August 201820th July 2018
Regency Alliance InsuranceN0.0313th April 2018Nil30th April - 4th May 201824th May 201825th May 201827th May 2018
NAHCO Aviance PlcN0.2513th April 2018Nil3rd - 5th July 201820th July 201820th July 20182nd July 2018
Sterling Bank PlcN0.0216th April 2018Nil30th April - 4th May 201817th May 201817th May 201827th April 2018
Presco PlcN2.0016th April 2018Nil9th - 13th July 201825th July 201826th July 20186th July 2018
Aluminium Extrusion Industries Plc8.50 Kobo19th April 2018Nil13th - 17th August 201821st September 201824th September 2018N/A
Consolidated Hallmark Insurance PlcN0.0220th April 2018Nil7th - 11th May 201822nd May 201822nd May 20184th May 2018
FBN Holdings PlcN0.2525th April 2018Nil7th - 11th May 201815th May 201816th May 20184th May 2018
Infinity Trust Mortgage Bank PlcN0.0226th April 2018Nil10th - 17th May 201824th May 201830th May 20189th May 2018
Law Union & Rock Insurance PlcN0.0426th April 2018Nil27th April - 2nd May 20183rd May 20185th May 201826th April 2018
NPF Microfinance Bank PlcN0.1727th April 2018Nil4th - 8th June 201828th June 201828th June 20181st June 2018
Fidelity Bank PlcN0.1130th April 2018Nil14th -18th May 201825th May 201825th May 201811th May 2018
CAP Plc205 kobo2nd May 2018Nil28th May - June 1st 2018June 18th 201819th June 201825th May 2018
Omoluabi Mortgage Bank plcN0.012nd May 2018Nil21st - 25th May 201826th July 20181st August 201819th May 2018
Lasaco Assurance PlcN0.043rd May 2018Nil4th - 8th June 201821st June 20185th July 20181st June 2018
NEM Insurance PlcN0.1014th May 2018Nil4th - 8th June 201820th June 201820th June 20181st June 2018
Mutual Benefits Assurance PlcN0.0216th May 2018Nil14th - 20th June 201827th June 201828th June 201813th June 2018
Conoil Plc200 kobo5th June 2018Nil18th - 22nd June 201813th July 201823rd July 201814th June 2018
Cement Company of Nigeria PlcN1.2514th June 2018Nil19th - 22nd June 201826th July 201827th July 201814th June 2018
Learn Africa PlcN0.1429th June 2018Nil9th - 13th July 201830th August 201831st August 20186th July 2018
Flour Mills of Nigeria PlcN1.002nd July 2018Nil6th - 10th August 201830th August 20183rd September 20183rd August 2018
Honeywell Flour Mills PlcN0.063rd July 2018Nil10th - 14th September 201820th September 201821st September 20187th September 2018
University Press PlcN0.153rd July 2018Nil3rd - 7th September 201827th September 201827th September 201831st August 2018
Linkage Assurance PlcN0.0518th July 2018Nil14th - 21st August 201828th August 20183rd September 201813th August 2018
Custodian Investment Plc (Interim)N0.1026th July 2018Nil20th - 24th August 2018Nil6th September 201817th August 2018
Guaranty Trust Bank Plc Interim)N0.309th August 2018Nil16th August 2018Nil30th August 201815th August 2018
UPDC Real Estate Investment TrustN0.1915th August 2018Nil27th - 31st August 2018Nil31st August 201824th August 2018
Stanbic IBTC Holdings Plc (Interim)N1.0016th August 2018Nil29th August - September 4th 2018Nil26th September 201828th August 2018
Zenith Bank Plc (Interim)N0.3017th August 2018Nil20th August 2018Nil29th August 201817th August 2018
Union Homes Real Estate Investment TrustN0.7520th August 2018Nil5th September 2018Nil21st September 2018Nil
Fidson HealthCare PlcN0.2028th August 2018Nil3rd - 7th September 201925th September 201826th September 201831st August 2018
Access Bank Plc (Interim)N0.2529th August 2018Nil7th September 2018Nil21st September 20186th September 2018
Guinness Nigeria PlcN1.8430th August 2018Nil24th - 28th September 201824th October 201825th October 201821st September 2018
United Bank for Africa Plc (Interim)N0.2031st August 2018Nil12th September 2018Nil17th September 201811th September 2018
PZ Cussons Nigeria PlcN0.154th September 2018Nil24th September - 4th October 201818th October 201819th October 20184th October 2018
SIAML Pension ETF 40N2.55Nil24th September 2018N/A25th September 2018
Stanbic IBTC ETF 30N2.73Nil24th September 2018N/A25th September 2018
UPDC Real Estate Investment TrustN0.3123rd October 2018Nil8th - 12th November 2018N/A16th November 20187th November 2018
Total Nigeria PlcN3.0025th Ocotber 2018Nil26th - 30th November 2018N/A10th December 201823rd November 2018
Nigerian Breweries PlcN0.6025th Ocotber 2018Nil23rd - 28th November 2018N/A10th December 201822nd November 2018
Seplat Petroleum Dev. Company Plc$0.0530th October 2018Nil14th November 2018N/A6th December 201813th November 2018
Nestle Nig PlcN20.0030th October 2018Nil26th - 30th November 2018N/A10th December 201823rd November 2018
Prestige Assurance PlcNil13th November 201841 for 10028th November - 5th December 2018N/AN/A27th November 2018
ValuAlliance FundN13.0019th November 2018Nil11th December 201813th December 201820th December 201810th December 2018
Neimeth Pharmaceuticals Int'lNil18th December 20181 for 1018th - 23rd January 20196th February 2019N/A17th January 2019
Vitafoam Nig. PlcN0.25k31st December 20181 for 518th - 22nd February 20197th March 20198th March 201915th February 2019
SIAML Pension ETF 40N1.17Nil25th January 2019N/A28TH January 2019
Mewrest ASL NIG Plc20kNil29th April - 3rd May 201916th May 201917th May 2019
Transcorp Hotel15k15th February 2019Nil28th February - 1 March 201915th March 201919th March 201927th February 2019
Nigerian Breweries PlcN1.83K18th February 2019Nil7th - 13th March 201917th May 201920th May 20196th March 2019
Transnational Corp. of Nig. Plc3k18th February 2019Nil1st - 5th March 201915th March 201919th March 201928th February 2019
Zenith Bank PlcN2.5019th February 2019Nil11th - 15th March 201918th March 201918th March 20198th March 2019
United Capital Plc30kobo21st February 2019Nil14th - 20th March 201928th March 20192nd April 201913th March 2019
Africa Prudential PlcN0.50k26th February 2019Nil14th - 20th March 201926th March 201926th March 201913th March 2019
Dangote CementN16.0028th February 2019Nil4th - 10th June 201917th June 201918th June 20193rd June 2019
McNichols Consolidated PlcN0.05k1st March 2019Nil9th - 15th April 201916th April 201926th April 20198th April 2019
Nestle Nig PlcN38.50k4th March 2019Nil13th - 17th May 201928th May 201929th May 201910th May 2019
Seplat Petroleum Dev. Company PlcUS$0.056th March 2019Nil21st March 201916th May 201923rd May 201920th March 2019
Guaranty Trust Bank PlcN2.456th March 2019Nil9th April 201918th April 201918th April 20198th April 2019
Stanbic IBTC Holdings PlcN1.50k7th March 2019Nil21st March 201919th June 201920th June 201920th March 2019
Access Bank PlcN0.25k14th March 2019Nil12th April 201925th April 201925th April 201911th April 2019
UBA OlcN0.6515th March 2019Nil3rd - 9th April 201923rd April 201923rd April 20192nd April 2019

Nairametrics Research team tracks, collates, maintains and manages a rich database of macro-economic and micro-economic data from Nigeria and Africa. Our analysts share some of the data collated on Nairametrics, using formats such as docs, tables and charts etc. The team also publishes research based analysis as articles on a regular basis.

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                                                                                                          Dividends

                                                                                                          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.

                                                                                                          Published

                                                                                                          on

                                                                                                          Seplat Petroleum set to sue Access Bank over sealing of its headquarters

                                                                                                          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.

                                                                                                          Exchange rate

                                                                                                          • 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.

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                                                                                                          Dividends

                                                                                                          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.

                                                                                                          Published

                                                                                                          on

                                                                                                          Attention Stockbrokers: How to use Twitter consumer sentiment to predict the Nigerian Stock Market,Nigerian stocks on Monday, March 15, 2021, closed the trading session with the Bearish note. The All-Share Index (ASI) dropped by 0.22% to settle at 38,561.84 index points almost doubling the loss of Friday last week.

                                                                                                          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.

                                                                                                          READ: Nigerian stocks that outperformed Bitcoin, Ethereum and Cardano in April

                                                                                                          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.

                                                                                                          READ: Why Nigerian top bank stocks are too cheap to ignore?

                                                                                                          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.

                                                                                                          READ: How well are the investments in GTBank’s subsidiaries paying off?

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                                                                                                          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%.

                                                                                                          Jaiz bank

                                                                                                          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.

                                                                                                          app

                                                                                                          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.

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