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 of 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 dividends.

You can also scroll sideways to view the rest of the columns if using a mobile phone.

2019 Dividends from companies quoted on the Nigerian Stock Exchange

CompanyDPSDate AnnouncedBonusClosure of RegisterAGM DatePayment DateQualification date
Seplat Petroleum Dev. Company Plc$0.0529th October 2019Nil13TH November 2019N/A5th December 201911th November 2019
Nestle Nig PlcN25.0029th October 2019Nil25th-29th November 2019N/AN/A27th November 2019
Nigerian Breweries PlcN0.50k28th October 2019Nil22nd -28th November 2019N/A9th December 201921st November 2019
Global spectrum Energy Services PlcN0.05k30th October 2019Nil19th -25th November 2019N/A27th November 201918th November 2019
Tripple Gee & Company PlcN0.05k8th July 2019Nil2nd-6th September 201916th September 201918th September 201930th August 2019
Presco PlcN2.006th June 2019Nil8th-10th July 201924th July 201929th July 20195th July 2019
C & I Leasing PlcN0.07525th June 2019Nil15th-19th July 201930th July 201931st July 201912th July 2019
NPF Microfinance Bank PlcN0.0525th June 2019Nil8th-12th July 201925th July 201925th July 20195th July 2019
Learn Africa PlcN0.15k2nd July 2019Nil23rd-27th September 201917th October 201918th October 201920th September 2019
Academy Press PlcN0.05k1st July 2019Nil5th-9th August 201919th September 201926th September 20192nd August 2019
University Press PlcN0.15k1st July 2019Nil2nd-6th September 201926th September 201926th September 201930th August 2019
Redstar Express PlcN0.43k2nd July 2019Nil17th-19th July 201988th August 201916th July 2019
Veitva Griffin 30 PlcN0.27NilN/AN/A31st May 2019
Vetiva S&P Nig. Sovereign Bond ETFN13.00Nil31st May 2019N/A7th June 2019
Law Union & Rock Insurance PlcN0.029th May 2019Nil3rd - 7th June 201925th June 201926th June 201931st May 2019
NEM InsuranceN0.1330th April 2019Nil3rd - 7th June 201925th June 201925th June 201931st May 2019
Forte OilN1.153rd June 2019Nil4th - 7th June 2019N/A10th june 20193rd June 2019
Smart ProductsN0.1530th April 2019Nil1st - 5th July 201929th August 20195th Septemner 201928th June 2019
AIICO Insurance PlcN0.0616th April 2019Nil10th - 17th May 201920th May 201920th May 2019May 9 2019
Consolidated Hallmark Insurance PlcN0.0223rd April 2019Nil7th - 13th March 2019to be announcedto be announced6th May 2019
FBN HoldingsN0.2612th April 2019Nil24th - 29th April 20193rd May 20196th May 201922nd
Lotus Halal Fixed Income FundN28.00NilN/AN/A12th April 2019
Nigerian Aviation Handling Coy PlcN0.2517th April 2019Nil9th - 11th July 201926th July 201926th July 20198th July 2019
Prestige Assurance PlcN0.0317th April 2019Nil6th - 10th May 2019to be announcedto be announced3rd May 2019
Regency Alliance Insurance PlcN0.0315th April 2019Nil13th - 17th May 201918th June 201919th June 201910th May 2019
Cement Coy. Of Northern Nig. PlcN0.4029th March 2019Nil2nd - 8th July 201925th July 201926th July 20191st July 2019
Dangote Sugar Refinery PlcN1.104th April 2019Nil3rd - 5th June 201918th June 201919th June 201931st May 2019
The Initiates PlcN0.052nd April 2019Nil3rd - 7th June 2019to be announcedto be announced31st May 2019
Aluminium Extrusion Ind. PlcN0.08526th March 2019Nil17th - 21st June 2019to be announcedto be announced14th June 2019
Beta Glass Nigeria PlcN1.3029th March 2019Nil17th - 21st June 20194th July 20195th July 201914th June 2019
BOC Gases Nigeria PlcN0.4014th March 2019Nil3rd - 10th June 201920th June 201921st June 201931st May 2019
UAC of Nigeria PlcN0.6429th March 2019Nil21st - 24th May 201926th June 201927th June 201920th May 2019
Okomu Oil Palm PlcN3.0027th March 2019Nil14th - 17th May 201913th June 201920th June 201913th May 2019
Wema Bank PlcN0.0329th March 2019Nil29th April - 6th May 20198th May 201913th May 201926th April 2019
Berger Paints PlcN0.6519th March 2019Nil29th April - 3rd May 201923rd May 201924th May 201926th April 2019
Caverton Offshore Support Group PlcN0.2529th March 2019Nil8th May 201921st May 201924th May 20197th May 2019
Eterna PlcN0.2529th March 2019Nil14th - 17th May 201913th June 201914th June 201913th May 2019
Infinity Trust Mortgage Bank PlcN0.0329th March 2019Nil25th April - 9th May 201916th May 201923rd May 201924th April 2019
CAP PlcN2.5029th March 2019Nil27th - 31st May 201920th June 201921st June 201924th May 2019
Portland Paints and Products Nig. PlcN0.0528th March 2019Nil6th - 10th May 201930th May 201931st May 20193rd May 2019
Glaxo SmithKilne Consumer Nig. PlcN0.058th March 2019Nil24th April - 6th May 201923rd May 201924th May 201922nd April 2019
Chams PlcN0.034th April 2019Nil18th - 24th April 2019to be announcedto be announced17th April 2019
Fidson Healthcare PlcN0.153rd April 2019Nil18th - 24th April 2019to be announcedto be announced17th April 2019
Capital Hotel PlcN0.052nd April 2019Nil24th - 29th April 201922-Apr-009th May 201923rd April 2019
May and Baker PlcN0.2029th March 2019Nil23rd - 26th April 201930th May 20193rd June 201918th April 2019
Unilever of Nigeria PlcN1.5029th March 2019Nil15th - 23rd April 20199th May 201910th May 201912th April 2019
Total Nigeria PlcN14.0028th March 2019Nil23rd - 29th April 201927th June 201928th June 201918th April 2019
FCMB Group PlcN0.1429th March 2019Nil12th - 18th April 201926th April 201929th April 201911th April 2019
Fidelity Bank PlcN0.1129th March 2019Nil15th - 19th April 201926th April 201926th April 201912th April 2019
Custodian Investment PlcN0.3521st March 2019Nil12th - 17th April 201924th April 201924th April 201911th April 2019
11 PlcN8.2522nd MarchNil3rd - 10th May 201916th May 201917th May 20192nd May 2019
NASCON Allied Industries PlcN1.0022nd March 2019Nil31st May - 3rd June 201913th June 201917th June 201930th May 2019
Cadbury Nig. PlcN0.2521st March 2019Nil20th - 24th May 201918th June 201919th June 201917th May 2019
Julius Berger Nig. PlcN2.0021st March 2019Nil3rd - 7th June 201920th June 201921st June 201931st May 2019
UBA PlcN0.6515th March 2019Nil3rd - 9th April 201923rd April 201923rd April 20192nd April 2019
Access Bank PlcN0.25k14th March 2019Nil12th April 201925th April 201925th April 201911th April 2019
Stanbic IBTC Holdings PlcN1.50k7th March 2019Nil21st March 201919th June 201920th June 201920th March 2019
Guaranty Trust Bank PlcN2.456th March 2019Nil9th April 201918th April 201918th April 20198th April 2019
Seplat Petroleum Dev. Company PlcUS$0.056th March 2019Nil21st March 201916th May 201923rd May 201920th March 2019
Nestle Nig PlcN38.50k4th March 2019Nil13th - 17th May 201928th May 201929th May 201910th May 2019
McNichols Consolidated PlcN0.05k1st March 2019Nil9th - 15th April 201916th April 201926th April 20198th April 2019
Dangote CementN16.0028th February 2019Nil4th - 10th June 201917th June 201918th June 20193rd June 2019
Africa Prudential PlcN0.50k26th February 2019Nil14th - 20th March 201926th March 201926th March 201913th March 2019
United Capital Plc30kobo21st February 2019Nil14th - 20th March 201928th March 20192nd April 201913th March 2019
Zenith Bank PlcN2.5019th February 2019Nil11th - 15th March 201918th March 201918th March 20198th March 2019
Transnational Corp. of Nig. Plc3k18th February 2019Nil1st - 5th March 201915th March 201919th March 201928th February 2019
Nigerian Breweries PlcN1.83K18th February 2019Nil7th - 13th March 201917th May 201920th May 20196th March 2019
Transcorp Hotel15k15th February 2019Nil28th February - 1 March 201915th March 201919th March 201927th February 2019
Newrest ASL NIG Plc20kNil29th April - 3rd May 201915th May 201916th May 2019
SIAML Pension ETF 40N1.17Nil25th January 2019N/A28TH January 2019
Flour Mills of Nigeria PlcN1.20k29th July 2018Nil12th - 16th August 20194th September 20196th September 201914th August 2019
MTN Communications Nigeria PlcN2.95k26th July 2019Nil9th - 13th August 2019Not Applicable16th August 20198th August 2019
Conoil PlcN2.00k17th July 2019Nil5th-9th August 201916th August 201923rd August 20192nd August 2019
LASACO Assurance Plc5k6th August 2019Nil19th-23rd August 201912th September 201919th September 201916th August 2019
RAK Unity Petroleum Company PlcN0.10k2nd August 2019Nil15th August 2019N/A23rd August 201914th August 2019
Ikeja Hotel PlcN0.03k24th July 2019Nil19th-22nd August 2019N/A28th August 201916th August 2019
Cutix PlcN0.125k29th July 2019Nil14th-18th October 201925th October 201930th October 201911th October 2019
Zenith Bank PlcN30k19th August 2019Nil30th August 20192nd September 201929th August 2019
Guaranty Trust Bank PlcN0.30k16th August 2019Nil27th August 2019 (GDR) 3rd September 2019 (Ord. Shares)N/A11th September 20192nd September 2019
Stanbic IBTC ETF 30N2.36kNil26th August 2019N/A30th August 2019
SIAML Pension ETF 40N3.28kNil26th August 2019N/A30th August 2019
Access Bank PlcN0.25k6th September 2019Nil24th October 2019N/A3rd October 201923rd September 2019
PZ Cussons Nigeria PlcN0.15k29th August 2019NIl14th - 18th October 201929th October 201930th October 201911th October 2019
Guinness Nigeria PlcN1.52k29th August 2019Nil23rd - 27th September 201923rd October 201924th October 201920th September 2019
Custodian Investment PlcN0.10k31st July 2019Nil19th - 23rd August 2019N/A5th September 201916th August 2019
United Bank for Africa PlcN0.20k30th August 2019Nil13th September 2019N/A18th September 201912th September 2019
Access Bank PlcN0.25k6th September 2019Nil24th September 2019N/A3rd October 201923rd September 2019
Lotus Halal Fixed Income FundN28.46NilN/AN/A11th October 2019
Skye Shelter FundN7.00Nil14th-18th October 201925th October 201925th October 2019
UPDC Real Estate Investment TrustN0.26k10th October 2019Nil29th October-5th November 2019N/A5th November 201928th October 2019
UPDC Real Estate Investment TrustN0.32k10th October 2019Nil29th October-5th November 2019N/A5th November 201928th October 2019
Stanbic IBTC Holdings PlcN1.00k28th August 2019Nil5th-11th September 2019N/A3rd October 20194th September 2019
Union Homes Real Estate Investment Trust (Union Homes REITS)N1.75 per unit3rd October 2019Nil21st October 2019N/A25th October 201918th October 2019
Okomu Oil Palm Company plcN2.00k22nd October 2019Nil31st October 2019N/A11th November 201930th October 2019
Airtel Africa Plc$0.03Nil18th November 2019N/A29th November 2019

84 COMMENTS

  1. Yes, this is absolutely a commonly used strategy. Back up the truck whenever the prices of dividend aristocrats are depressed, and reinvest dividends.

  2. Is it true that NSE or whatever body is in charge has lifted ban on payment of dividend by letter till the end of 2019? When is First bank paying dividend?

  3. Please, can someone tell DAAR Communication to explain why it has refused to pay dividends all these years. This should not be a way rich people should continue to defraud the public. Enough of this 419 by DAAR Communication. By

  4. Good evening ONOME. Pls, what is happening to Courtiville Business Solutions Plc. Is it that they have decided not to be paying dividend to their shareholders after making PAT or what? They should pls let us know…. and also let them know that they should start doing that no matter how small it is..

  5. Please Nairametrics, when are we expecting dividend payment from Standard Alliance Insurance plc. I thought they said they used 2018 for shares reconstruction and will definitely pay dividend by 2019.

    • Hi, unfortunately, Onome doesn’t work at Lafarge Africa or have such information kindly wait till the company declare a dividend. Once they do we at Nairametrics (including Onome) will be quick to inform you. Thank you.

  6. Good evening Alfred. Pls why has Courtiville Business Solutions Plc not declared dividend 4 some years now, when and where is their AGM date.

    • Hi there. Alfred isn’t here right now…

      Note that most Nigerian companies typically pay dividends once every year. Some also do pay what they like to call “bonus dividend”.

      Meanwhile, elsewhere, companies can pay dividends to shareholders every quarter. What this means is that you could get paid four times in a year. But then again, this seldom happens in Nigeria.

      Have a good night.

  7. Any information on universal insurance company pls.
    May i know the current registrar and the functioning email address?

  8. Greatings all! I have NSE stock portfolios online with Nigerian Stockbrokers but dispite submitting the E-DIVIDEN MANDATE forms (Zenith, GTB, Access Bank) . No payment has been made, same with Access-Diamond Banks merger cash consideration. Please does anyone have this experience or solution? Kindly hint. Thanks

  9. Hi Felix. Where did you submit your e-dividend mandate form? If it’s @ d bank (ZENITH where I did mine), they scanned the e – dividend mandate forms filled immediately to the registrars & within one week, I got SMS from them. Some registrars even called me to clerify certain things. I suggest you either go do it again @ d your bank or registrar’s offices & make sure all your data are correct. I promise you, you’ll be credited & even with all your outstanding dividend.

  10. Also please any ideas about the Access-Diamond Merger cash consideration.? The Registrar ( United Securities) said that they have sent the account on the e-mandate details to NIBSS platform for confirmation and that was over a month ago. Up till now, nothing. Wondering if anyone here has received the cash consideration or have similar experience. Please kindly relate. Thank you.

  11. Hi Mr Felix. Just try do your e – mandate first as I’ve told u. If NIBSS confirms you, UNITED SECURITIES will credit your account for DIAMOND BANK consideration from ACCESS BANK. I still advice you, go to the registrars office if you have time, do your e – mandate & also tell them about the merger cash consideration. If your work does not give u time, or u’re not in LAG, do it @ d bank, call the registrars office, they ‘ll still attend to you OK. Your money is intact. So don’t panic alright..

  12. Good evening Alfred and Emmanuel. Pls, has COURTIVILLE BUSINESS SOLUTIONS declared or about to declare dividend? I noticed their shares are going up.

  13. Lafarge Africa ought to drop their FYE 2018 result today based on their communication to NSE. Is there a reason why the result is not out??

  14. Please has anyone heard or received GSK dividend from GTL Registrars?
    GSK had their AGM on 23rd of may and dividend to be paid on 24th of same month but their registrar GTL is neither paying the dividend nor responding to investors email.
    I emailed gtl on 27th of may and days after till today, they dont want to respond to me and they have not paid my dividend.
    Is there any problem?

  15. Onome, the services, (informative and educative ) being rendered by you and team of Experts on this Nairametrics platform is highly commendable. You should keep it up.

  16. Greetings,
    Please does anyone know if MUTUAL BENEFITS ASSURANCE PLC has declared any dividend for year ended 2018? Please kindly inform.
    Thank you.

  17. Good day, the VAT not extended, please how dose it affect investors like me putting token, ist charges from the 5percent or I will b charge separately after 5percent charges? Kindly enlighten me please. Waiting for ur response thanx.

  18. Kindly help me to ask Wema Bank why the dividends of investors are not PAID up till now after a decade and a half year of insolvent
    Ola Ilesanmi

  19. I have a number of shares of NACHO and Legacy Funds but Cornerstone Registrars refused to remit my dividends to my bank account .
    I am aware of formalising e-dividend formalities which I have done as at when it commenced .
    It is equally important to note that same registrar pays my dividends in FCMB , LAFRAGE WAPCO , as well as ancient Skye bank .
    It is absolutely worrisome that the registrars in question don’t pick calls or reply mails put across their portals . They the Registrars in question have been behaving as such when they they were called City Securities , I am a clients to First Registrars , United Securities , Veritas Registrars , African Registrars , GTL Registrars ,Meristem Registrars etcatera who give normal and regular responses as requested .
    Nairametrics , you are wonderful and helpful

  20. I made a mistake of name in my last two posts .
    I actually mean CARDINAL STONE REGISTRARS formally called City Securities not Corner Stone
    Please .
    Thanks to Nairameyrics

  21. Kindly help me to ask Wema Bank why the dividends of investors are not PSID up till noe after a decade and half year of insolvent
    Ola Ilesanmi

  22. Alfred Akuki
    Thanks may God bless you mightily .
    Have I paid for your prompt reply ? No !
    That’s the best modern business methodology to address issues .
    I put this across in order to share my experience with Cardinal Stone Registrars .
    My issues predated era of mandate e-dividend . If not for the interest I have for a few companies I have with cardinal stone registrars , I got things sorted out with cardinal stone registrars after the Securities and Exchange Commission compelled them to do the needful .
    They are recalcitrant and very careless with investors commitment .
    I will not visit them .
    I will drag them to the Securities and Exchange Commission or Investment Tribunal and I will win them with apology from them .
    I certainly owe Naira metrics Ltd a lot of indebtedness of commendable appreciations . Thanks a great deal
    Ola

  23. Hi, Nairametrics. Thanks for the good work you people are doing. Please I need a mobile number or email of any of your staff I can communicate with for some business discussions. Thanks.

  24. GT Bank and Zenith Bank just declared an interim dividend this august and it has not been included in your compilation.Thank you for the good work you have done.

  25. I don’t actually know what investors will return as gains as from next January if an investor pays
    1.statutory Charges on equities subscribed @ 3.9% per transaction
    2. VAT on investment 5% per transaction
    3. VAT ( the percentage yet to be declared by IFRS ) on online transactions within or outside the country . One should understand that dividends are now transmitted electronically .per dividend
    4 . You are going to pay stamp duty of #56.5 per lodgement
    5. A minimum charge of #50 for ATM maintenance .monthly .
    A HYPOTHETICAL EXAMPLE
    Company : Timber PLC
    Cost per unit : #4
    Buying 1000 units is equal to #4000
    TRANSACTION
    Brokerage charge at 3.9%= #156
    VAT on investment at 5% = #200
    VAT on dividends say at 5%#200
    Stamp duty charge at #56.5
    ATM monthly service at #50
    TOTAL. #656.5
    DIVIDEND DECLARED THE COMPANY
    .45kobo per share translating to #(.45×1000units) ÷ 100 = #450
    Therefore an investor’s is equal to -#246.5 !
    Even if you have your name in Forbes as a captain of industries , the above is still outside infrastructural maintenance , tariffs , EPA , staff salary etcetera that is if the above example is to be in multiple of millions , billions , trillions say for a multi national company .
    DO WE REALLY HAVE ECONOMIC THINKERS / PUNTERS IN NIGERIA ?

  26. Pls when register say ur dividend is send to cscs and I did not buy the share from second market I buy the share at public offer pls what can I do

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