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.
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).
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
|Company||Date Announced||Interim (DPS)||Final dividend (DPS)||Total dividend||Share price (9th April 2021)||Dividend yield (9th April 2021)||Bonus||Closure Date||AGM Date||Payment Date||Qualification date|
|Jaiz Bank Plc||8th April 2021||0||0.03||0.03||0.63||0.047619047619048||Nil||11th - 18th June 2021||TO be communicated||To be advised||10th June 2021|
|Nigerian Aviation Handling Company Plc||31st March 2021||0||0.13||0.13||2.2||0.059090909090909||Nil||14th July 2021||30th July 2021||30th July 2021|
|Fidson Healthcare Plc||31st March 2021||0||0.25||0.25||4.75||0.052631578947368||Nil||8th - 14th July 2021||22nd July 2021||23rd July 2021||7th July 2021|
|Presco Plc||7th April 2021||0||2||2||72||0.027777777777778||Nil||7th July 2021||21st July 2021||26th July 2021||6th July 2021|
|McNichols Consolidated Plc||31st March 2021||0||0.03||0.03||0.8||0.0375||Nil||1st July 2021||29th July 2021||5th August 2021|
|UAC of Nigeria Plc||31st March 2021||0||1.2||1.2||9.3||0.12903225806452||Nil||15th-21st June 2021||30th June 2021||1st July 2021||14th June 2021|
|Beta Glass Plc||31st March 2021||0||1.04||1.04||54||0.019259259259259||Nil||11th-18th June 2021||1st July 2021||2nd July 2021||10th June 2021|
|Stanbic IBTC Holdings||31st March 2021||Nil||#VALUE!||48.3||0||1 for 6||11th June 2021||27th May 2021||Nil|
|Living Trust Mortgage Bank Plc||29th March 2021||0||0.01||0.01||0.68||0.014705882352941||Nil||9th June 2021||To be advised||To be advised|
|BOC gases Nigeria Plc||30th March 2021||0||0.05||0.05||13.61||0.0036737692872888||Nil||7th - 10th June 2021||24th June 2021||25th June 2021||4th June 2021|
|Cadbury Nigeria Plc||30th March 2021||0||0.18||0.18||8||0.0225||Nil||17th May 2021||16th June 2021||17th June 2021|
|Skyway Aviation Handling Company Plc||30th March 2021||0||0.165||0.165||3.33||0.04954954954955||Nil||7th June 2021||22nd June 2021||22nd June 2021||4th June 2021|
|Prestige Assurance Plc||30th March 2021||0||0.025||0.025||0.42||0.05952380952381||Nil||18th - 21st May 2021||26th May 2021||28th May 2021|
|May and Baker Plc||30th March 2021||0||0.3||0.3||4.2||0.071428571428571||Nil||19th - 21st May 2021||3rd June 2021||4th June 2021||18th May 2021|
|Courteville Business Solutions Plc||29th March 2021||0||0.03||0.03||0.22||0.13636363636364||Nil||6th May 2021||20th May 2021||20th May 2021|
|Linkage Assurance Plc||31st March 2021||0||NA||#VALUE!||0.8||0||2 for 5||3rd May 2021||20th May 2021||26th May 2021||NA|
|Eterna Plc||30th March 2021||0||0.1||0.1||5.8||0.017241379310345||Nil||3rd May 2021||22nd July 2021||23rd July 2021|
|GlaxoSmithkline Consumer Nigeria Plc||31st March 2021||0||0.4||0.4||6.8||0.058823529411765||Nil||26th April 2021||27th May 2021||28th May 2021|
|AXA Mansard Insurance Plc||30th March 2021||0||0.055||0.055||0.98||0.056122448979592||Nil||23rd April 2021||7th May 2021||7th May 2021||22nd April 2021|
|Total Nigeria Plc||24th March 2021||0||6.08||6.08||142||0.042816901408451||Nil||19th April 2021||17th June 2021||18th June 2021||16th April 2021|
|Union Homes Real Estate Investment Trust||31st April 2021||0||1.86||1.86||36.6||0.050819672131148||Nil||15th April 2021||Not Applicable||To be announced||14th April 2021|
|Aluminium Extrusion Industries Plc||1st April 2021||0||0.085||0.085||7.3||0.011643835616438||Nil||28th May 2021||TO be communicated||To be advised||27th May 2021|
|Sterling Bank||1st April 2021||0||0.05||0.05||1.56||0.032051282051282||Nil||19th - 23rd April 2021||6th May 2021||6th May 2021||16th April 2021|
|Infinity Trust Mortgage Bank Plc||1st April 2021||0||0.04||0.04||1.36||0.029411764705882||Nil||26th - 30th April 2021||20th May 2021||24th May 2021||23rd April 2021|
|Access Bank||1st April 2021||0.25||0.55||0.8||8.05||0.099378881987578||Nil||16th April 2021||NA||30th April 2021||15th April 2021|
|Fidelity Bank Plc||31st March 2021||0||0.22||0.22||2.48||0.088709677419355||Nil||19th - 23rd Aprl 2021||30th April 2021||30th April 2021||16th April 2021|
|FBN Holdings Plc||31st March 2021||0||0.45||0.45||7.25||0.062068965517241||Nil||21st - 22nd April 2021||27th April 2021||28th April 2021||20th April 2021|
|Berger Paints||31st March 2021||0||0.4||0.4||6.5||0.061538461538462||Nil||3rd - 7th May 2021||20th May 2021||21st May 2021||30th April 2021|
|Transnational Corporation of Nigeria||31st March 2021||0||0.01||0.01||0.8||0.0125||Nil||16th April 2021||26th April 2021||27th April 2021||15th April 2021|
|11 Plc||31st March 2021||0||8.5||8.5||228||0.037280701754386||Nil||30th April - 4th May 2021||To be advised||Tobe advised||29th April 2021|
|Caverton Offshore||31st March 2021||0||0.1||0.1||1.95||0.051282051282051||Nil||28th April 2021||27th May 2021||27th May 2021||27th April 2021|
|Bua Cement||30th March 2021||0||2.067||2.067||72.7||0.028431911966988||Nil||12th - 16th July 2021||22nd July 2021||23rd July 2021||9th July 2021|
|Nem Insurance Plc||31st March 2021||0||0.09||0.09||2.1||0.042857142857143||Nil||7th - 11th June 2021||24th June 2021||24th June 2021||4th June 2021|
|Julius Berger Plc||30th March 2021||0||0.4||0.4||20||0.02||Nil||31st May - 2nd June 2021||17th June 2021||18th June 2021||28th May 2021|
|First City Monument Bank||26th March 2021||0||0.15||0.15||2.92||0.051369863013699||Nil||9th - 13th April 2021||21st April 2021||21st April 2021||8th April 2021|
|Stanbic IBTC||24th March 2021||0.4||3.6||4||48.3||0.082815734989648||1 shares for every 6 shares||15th April 2021||27th May 2021||28th May 2021||7th April 2021|
|Lafarge Africa Plc||24th March 2021||0||1||1||21||0.047619047619048||Nil||4th - 7th May 2021||25th May 2021||25th May 2021||30th April 2021|
|Dangote Cement Plc||19th March 2021||0||16||16||215||0.074418604651163||Nil||28th April 2021||26th May 2021||27th May 2021||27th April 2021|
|Cap Plc||22nd March 2021||0||2.1||2.1||23.9||0.087866108786611|
|Union bank of Nigeria||18th March 2021||0||0.25||0.25||4.9||0.051020408163265||Nil||1st April 2021||13th April 2021||13th April 2021||31st March 2021|
|Guaranty Trust Bank Plc||18th March 2021||0.3||2.7||3||28.9||0.1038062283737||Nil||1st April 2021||9th April 2021||9th April 2021||31st March 2021|
|United Bank for Africa||9th March 2021||0.17||0.35||0.52||7||0.074285714285714||Nil||22nd - 26th March 2021||1st April 2021||1st April 2021||19th March 2021|
|Dangote Sugar Refinery Plc||1st March 2021||0||1.5||1.5||16.95||0.088495575221239||Nil||18th March 2021||18th March 2021||24-48hrs after AGM||17th March 2021|
|Africa Prudential Plc||2nd March 2021||0||0.5||0.5||5.4||0.092592592592593||Nil||16th - 20th March 2021||25th March 2021||26th March 2021||15th March 2021|
|NASCON Allied Industries Plc||1st March 2021||0||0.4||0.4||15.2||0.026315789473684||Nil||23rd April 2021||4th May 2021||5th May 2021||22nd April 2021|
|MTN Nigeria Plc||1st March 2021||3.5||5.9||9.4||163.9||0.057352043929225||Nil||5th May 2021||25th May 2021||26th May 2021||4th May 2021|
|Seplat Petroleum Dev. Company Plc||1st March 2021||19.289||20.5||39.789||550||0.072343636363636||Nil||5th May 2021||20th May 2021||28th May 2021||4th May 2021|
|Nestle Nig Plc||1st March 2021||25||35.5||60.5||1420||0.042605633802817||Nil||24th - 28th May 2021||22nd June 2021||23rd June 2021||21st May 2021|
|Custodian Investment Plc||1st March 2021||0.1||0.45||0.55||7||0.078571428571429||Nil||12th - 16th April 2021||22nd April 2021||22nd April 2021||9th April 2021|
|Zenith bank Plc||23rd February 2021||0.3||2.7||3||21.95||0.13667425968109||Nil||9th March 2021||16th March 2021||16th March 2021||8th March 2021|
|United Capital PLC||22nd February 2021||0||0.7||0.7||5.4||0.12962962962963||Nil||8th - 15th March 2021||23rd March 2021||26th March 2021||5th March 2021|
|Nigerian Breweries||17th February 2021||0.25||0.69||0.94||51||0.01843137254902||Nil||11th - 17th March 2021||22nd April 2021||23rd April 2021||10th March 2021|
|PZ Cussons Nigeria Plc||7th January 2021||0||0.1||0.1||4.85||0.020618556701031||Nil||11th - 15th January 2021||29th January 2021||1st February 2021||19th October 2020|
|Ardova Plc||11th March 2021||0||0.19||0.19||14.15||0.013427561837456||Nil||26th March 2021||12th April 2021||13th April 2021||25th March 2021|
|Neimeth International Phamaceuticals||30th December 2020||0||0.065||0.065||1.95||0.033333333333333||Nil||23rd February 2021||9th March 2021||12th March 2021||22nd February 2021|
|Lotus Halal Fixed Income Fund||33||33||12.32||2.6785714285714||Nil||21st January 2021||NA||22nd January 2021|
|SFS Real Estate Investment Fund (REIT)||8.1||8.1||68.6||0.11807580174927||Nil||29th March - 2nd Aprl 2021||NA||16th April 2021|
|Vitafoam Nigeria Plc||0.7||0.7||8.3||0.08433734939759||Nil||15th February 2021||4th March 2021||5th March 2021|
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.
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 $0.05.
The company made this known in an announcement published on the Nigerian Stock Exchange “NGX” website, stating that the rates will be applicable to any shareholder that qualifies for and has elected to receive the dividend payment in Naira or GBP.
Since Seplat is listed on both the Nigerian Exchange Limited and London Stock Exchange, the exchange rates for the naira and the pound sterling amounts payable to shareholders were respectively determined with specific reference to the dollar.
- 1 USD = 410.24 Naira
- 1 USD = 0.7197 GBP
What you should know
The CBN official exchange rate currently stands at N379/$. 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.
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.
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.
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.
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.
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%.
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.
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.
Nairametrics | Company Earnings
Access our Live Feed portal for the latest company earnings as they drop.
- Okomu Oil proposes dividend worth N6.7 billion for shareholders.
- Ardova Plc confirms appointment of Oladeinde Nelson-Cole as secretary.
- Cadbury Nigeria Plc set to hold 56th Annual General Meeting (AGM) on June 16.
- FCMB Group Plc appoints Muibat Ijaiya as Director.
- Afromedia Plc reports a loss after tax of N27.3 million in Q1 2021.