Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Content Partners
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Get Data
    • Macro-Economic News
    • Research Analysis
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Content Partners
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Get Data
    • Macro-Economic News
    • Research Analysis
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
Nairametrics
No Result
View All Result
Home Industries Company News

Smart Products Nigeria Plc declares dividend for FY 2018

Damilare Famuyiwa by Damilare Famuyiwa
April 29, 2019
in Company News
Corporate Actions
Share on FacebookShare on TwitterShare on Linkedin

Smart Products Nigeria Plc has declared a dividend of 15 kobo per 50 kobo share, amounting to N6.75 million for the financial period ended Monday, December 31, 2018.

Come Thursday, September 5, 2019, the dividends will be paid electronically to shareholders whose names appear on the Register of Members as at Friday, June 28, 2019.
Only shareholders who have completed the e-dividend registration and mandated the Registrar to pay their dividends directly into their bank accounts, will be paid on the date stated above.

While the Register of Shareholders will be closed from Monday, July 1, 2019, to Monday, August 5, 2019, Qualification Date has been scheduled for Friday, June 28, 2019.

Understanding Dividend 

A dividend is a payment made by a company to its shareholders, usually as a distribution of profits. When a company earns a profit or surplus, it reinvests a portion of the profit in the business (retained earnings) whilst paying a portion as dividends to the shareholders.

Distribution to shareholders may be in cash (usually a deposit into a bank account) or the issuance of further shares, otherwise known as shares repurchase. But this is usually if the company has a dividend reinvestment plan.

In other words, a dividend is allocated as a fixed amount per share with shareholders receiving a dividend in proportion to their shareholding. For the joint-stock company, paying dividends is not an expense; rather, it is the division of after-tax profits among shareholders.

The company’s financial results

Smart Products Nigeria Plc recorded gross revenue of N49.5 million in 2018 against N43.9 million in 2017.

The company’s profit before tax stood at N15 million in 2018 against N9.6 million in 2017. Profit after tax stood at N11.8 million in 2018 against N8.7 million in 2017.

About Smart Products Nigeria Plc

Smart Products Nigeria Plc invests in, manages, and administers properties in Nigeria. The company was formerly known as Associated Press Limited. It was incorporated in 1966 and is based in Lagos, Nigeria.

Smart Products Nigeria Plc is currently trading N0.44 on the floor of the Nigerian Stock Exchange (NSE).

Related

Tags: DividendsSmart Products Nigeria Plc

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Hot forex
Cornerstone
Mega Millions
Polaris Bank
Eco Bank
Access Bank
Bankers Committee
First bank


FCMB
Ikeja Electrics




    Business News | Stock Market | Money Market | Cryptos | Financial Literacy | SME |

    Recent News

    • Weekly Stock Update: Nigerian Exchange Group closes bearish, loses 0.14% w-o-w
    • A day in the life of a Lagos bus conductor
    • Meet Ochai Agbaji of Nigerian heritage picked in the 2022 NBA Draft to join Cleveland Cavaliers

    Follow us on social media:

    Recent News

    OPEC, NSE, MTN, other developments and how they affect your pocket

    Weekly Stock Update: Nigerian Exchange Group closes bearish, loses 0.14% w-o-w

    June 25, 2022
    “Ó Wà óóó!” —  What I learnt being a bus conductor for one day

    A day in the life of a Lagos bus conductor

    June 25, 2022
    • ABOUT US
    • CONTACT US
    • PRODUCTS
    • ANDROID APP
    • iOS APP
    • DISCLAIMER
    • CAREERS
    • PRIVACY POLICY

    © 2022 Nairametrics

    No Result
    View All Result
    • Home
    • Exclusives
      • Financial Analysis
      • Corporate Stories
      • Interviews
      • Investigations
      • Metrics
    • Markets
      • Cryptos
      • Commodities
      • Equities
        • Dividends
        • Stock Market
      • Fixed Income
      • Market Views
      • Securities
    • Industries
      • Company News
      • Consumer Goods
      • Content Partners
      • Corporate deals
      • Corporate Press Releases
      • Energy
      • Entertainment
      • Financial Services
      • Hospitality & Travel
      • Manufacturing
      • Real Estate and Construction
      • Tech News
    • Economy
      • Get Data
      • Macro-Economic News
      • Research Analysis
    • Business News
    • Financial Literacy
      • Career tips
      • Personal Finance
    • Lifestyle
      • Billionaire Watch
      • Profiles
    • Opinions
      • Blurb
      • Op-Eds

    © 2022 Nairametrics

    Social Media Auto Publish Powered By : XYZScripts.com