UBA ads

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.

[READ MORE: How to read stock market tables]

Standard chartered

2020 Dividends from companies quoted on the Nigerian Stock Exchange

CompanyDPSDate AnnouncedBonusClosure of RegisterAGM DatePayment DateQualification date
Nigerian Breweries PlcN1.51k12th February 2020Nil5th-11th March 202022nd April 202023rd April 20204th March 2020
United Capital PLCN0.50k18th February 2020Nil9th-13th March 202024th March 202026th March 20206th March 2020
Infinity Trust Mortgage Bank PLCN0.035K30th January 2020Nil9th-13th March 20207th May 202014th May 20206th March 2020

91 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.

    • Ucap’s 50k dividend per share is 22% of my cost per share. I love downtrends & pull backs😎.

      I hope FUGAZ will follow suite…

  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

  27. You can call the registrars (check for their number via their website) and ask them if you can submit your form to them via email. You can also confirm if your bank is still accepting forms for upload for the same purpose.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.