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Dividends

Nigerian Stocks: List of Dividends announced in 2021

This is a list of Dividends announced so far in 2021 and their percentage yield.

Published

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SEPLAT, OANDO post losses, All Share Index down by 0.03%

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.

Dividend during the year – This represents all the dividend announcements made by a company in a given year.

Total dividends – This is the summation of a company’s interim dividend (often announced in a prior year) and the final dividend announced following the publishing of full-year annual report (after announced in the first quarter of the year).

READ: Dangote Cement proposes N272 billion as dividend for 2020

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.

2020 Dividends from companies quoted on the Nigerian Stock Exchange

Calculate Dividends

CompanyDate AnnouncedInterim (DPS)Final dividend (DPS)Total dividendShare price (9th April 2021)Dividend yield (9th April 2021)BonusClosure DateAGM DatePayment DateQualification date
Jaiz Bank Plc8th April 202100.030.030.630.047619047619048Nil11th - 18th June 2021TO be communicatedTo be advised10th June 2021
Nigerian Aviation Handling Company Plc31st March 202100.130.132.20.059090909090909Nil14th July 202130th July 202130th July 2021
Fidson Healthcare Plc31st March 202100.250.254.750.052631578947368Nil8th - 14th July 202122nd July 202123rd July 20217th July 2021
Presco Plc7th April 2021022720.027777777777778Nil7th July 202121st July 202126th July 20216th July 2021
McNichols Consolidated Plc31st March 202100.030.030.80.0375Nil1st July 202129th July 20215th August 2021
UAC of Nigeria Plc31st March 202101.21.29.30.12903225806452Nil15th-21st June 202130th June 20211st July 202114th June 2021
Beta Glass Plc31st March 202101.041.04540.019259259259259Nil11th-18th June 20211st July 20212nd July 202110th June 2021
Stanbic IBTC Holdings31st March 2021Nil#VALUE!48.301 for 611th June 202127th May 2021Nil
Living Trust Mortgage Bank Plc29th March 202100.010.010.680.014705882352941Nil9th June 2021To be advisedTo be advised
BOC gases Nigeria Plc30th March 202100.050.0513.610.0036737692872888Nil7th - 10th June 202124th June 202125th June 20214th June 2021
Cadbury Nigeria Plc30th March 202100.180.1880.0225Nil17th May 202116th June 202117th June 2021
Skyway Aviation Handling Company Plc30th March 202100.1650.1653.330.04954954954955Nil7th June 202122nd June 202122nd June 20214th June 2021
Prestige Assurance Plc30th March 202100.0250.0250.420.05952380952381Nil18th - 21st May 202126th May 202128th May 2021
May and Baker Plc30th March 202100.30.34.20.071428571428571Nil19th - 21st May 20213rd June 20214th June 202118th May 2021
Courteville Business Solutions Plc29th March 202100.030.030.220.13636363636364Nil6th May 202120th May 202120th May 2021
Linkage Assurance Plc31st March 20210NA#VALUE!0.802 for 53rd May 202120th May 202126th May 2021NA
Eterna Plc30th March 202100.10.15.80.017241379310345Nil3rd May 202122nd July 202123rd July 2021
GlaxoSmithkline Consumer Nigeria Plc31st March 202100.40.46.80.058823529411765Nil26th April 202127th May 202128th May 2021
AXA Mansard Insurance Plc30th March 202100.0550.0550.980.056122448979592Nil23rd April 20217th May 20217th May 202122nd April 2021
Total Nigeria Plc24th March 202106.086.081420.042816901408451Nil19th April 202117th June 202118th June 202116th April 2021
Union Homes Real Estate Investment Trust31st April 202101.861.8636.60.050819672131148Nil15th April 2021Not ApplicableTo be announced14th April 2021
Aluminium Extrusion Industries Plc1st April 202100.0850.0857.30.011643835616438Nil28th May 2021TO be communicatedTo be advised27th May 2021
Sterling Bank1st April 202100.050.051.560.032051282051282Nil19th - 23rd April 20216th May 20216th May 202116th April 2021
Infinity Trust Mortgage Bank Plc1st April 202100.040.041.360.029411764705882Nil26th - 30th April 202120th May 202124th May 202123rd April 2021
Access Bank1st April 20210.250.550.88.050.099378881987578Nil16th April 2021NA30th April 202115th April 2021
Fidelity Bank Plc31st March 202100.220.222.480.088709677419355Nil19th - 23rd Aprl 202130th April 202130th April 202116th April 2021
FBN Holdings Plc31st March 202100.450.457.250.062068965517241Nil21st - 22nd April 202127th April 202128th April 202120th April 2021
Berger Paints31st March 202100.40.46.50.061538461538462Nil3rd - 7th May 202120th May 202121st May 202130th April 2021
Transnational Corporation of Nigeria31st March 202100.010.010.80.0125Nil16th April 202126th April 202127th April 202115th April 2021
11 Plc31st March 202108.58.52280.037280701754386Nil30th April - 4th May 2021To be advisedTobe advised29th April 2021
Caverton Offshore31st March 202100.10.11.950.051282051282051Nil28th April 202127th May 202127th May 202127th April 2021
Bua Cement30th March 202102.0672.06772.70.028431911966988Nil12th - 16th July 202122nd July 202123rd July 20219th July 2021
Nem Insurance Plc31st March 202100.090.092.10.042857142857143Nil7th - 11th June 202124th June 202124th June 20214th June 2021
Julius Berger Plc30th March 202100.40.4200.02Nil31st May - 2nd June 202117th June 202118th June 202128th May 2021
First City Monument Bank26th March 202100.150.152.920.051369863013699Nil9th - 13th April 202121st April 202121st April 20218th April 2021
Stanbic IBTC24th March 20210.43.6448.30.0828157349896481 shares for every 6 shares15th April 202127th May 202128th May 20217th April 2021
Lafarge Africa Plc24th March 2021011210.047619047619048Nil4th - 7th May 202125th May 202125th May 202130th April 2021
Dangote Cement Plc19th March 2021016162150.074418604651163Nil28th April 202126th May 202127th May 202127th April 2021
Cap Plc22nd March 202102.12.123.90.087866108786611
Union bank of Nigeria18th March 202100.250.254.90.051020408163265Nil1st April 202113th April 202113th April 202131st March 2021
Guaranty Trust Bank Plc18th March 20210.32.7328.90.1038062283737Nil1st April 20219th April 20219th April 202131st March 2021
United Bank for Africa9th March 20210.170.350.5270.074285714285714Nil22nd - 26th March 20211st April 20211st April 202119th March 2021
Dangote Sugar Refinery Plc1st March 202101.51.516.950.088495575221239Nil18th March 202118th March 202124-48hrs after AGM17th March 2021
Africa Prudential Plc2nd March 202100.50.55.40.092592592592593Nil16th - 20th March 202125th March 202126th March 202115th March 2021
NASCON Allied Industries Plc1st March 202100.40.415.20.026315789473684Nil23rd April 20214th May 20215th May 202122nd April 2021
MTN Nigeria Plc1st March 20213.55.99.4163.90.057352043929225Nil5th May 202125th May 202126th May 20214th May 2021
Seplat Petroleum Dev. Company Plc1st March 202119.28920.539.7895500.072343636363636Nil5th May 202120th May 202128th May 20214th May 2021
Nestle Nig Plc1st March 20212535.560.514200.042605633802817Nil24th - 28th May 202122nd June 202123rd June 202121st May 2021
Custodian Investment Plc1st March 20210.10.450.5570.078571428571429Nil12th - 16th April 202122nd April 202122nd April 20219th April 2021
Zenith bank Plc23rd February 20210.32.7321.950.13667425968109Nil9th March 202116th March 202116th March 20218th March 2021
United Capital PLC22nd February 202100.70.75.40.12962962962963Nil8th - 15th March 202123rd March 202126th March 20215th March 2021
Nigerian Breweries17th February 20210.250.690.94510.01843137254902Nil11th - 17th March 202122nd April 202123rd April 202110th March 2021
PZ Cussons Nigeria Plc7th January 202100.10.14.850.020618556701031Nil11th - 15th January 202129th January 20211st February 202119th October 2020
Ardova Plc11th March 202100.190.1914.150.013427561837456Nil26th March 202112th April 202113th April 202125th March 2021
Neimeth International Phamaceuticals30th December 202000.0650.0651.950.033333333333333Nil23rd February 20219th March 202112th March 202122nd February 2021
Lotus Halal Fixed Income Fund333312.322.6785714285714Nil21st January 2021NA22nd January 2021
SFS Real Estate Investment Fund (REIT)8.18.168.60.11807580174927Nil29th March - 2nd Aprl 2021NA16th April 2021
Vitafoam Nigeria Plc0.70.78.30.08433734939759Nil15th February 20214th March 20215th March 2021

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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

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    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.

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    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.

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    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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