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.
LEGEND
Date announced – The date the company announced dividends, evidenced by a corporate action published on the website of the Stock Exchange.
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 a full-year annual report (after being 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.
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2022 Dividends from companies quoted on the Nigerian Stock Exchange
Company | Date Announced | Interim (DPS): N | Final dividend (DPS): N | Total dividend: N | Bonus | Closure Date | AGM Date | Payment Date | Qualification date |
---|---|---|---|---|---|---|---|---|---|
Transcorp Hotels | 28th February 2022 | 0 | 0.07 | 0.07 | NA | 24th – 30th March 2022 | 4th April 2022 | 5th April 2022 | 23rd March 2022 |
Dangote Cement | 28th February 2022 | 0 | 20 | 20 | NA | 31st May 2022 | 14th June 2022 | 15th June 2022 | 30th May 2022 |
Zenith Bank Plc | 28th February 2022 | 0.3 | 2.8 | 3.1 | NA | 28th March 2022 | 6th April 2022 | 6th April 2022 | 25th March 2022 |
Seplat Energy | 28th February 2022 | $0.05 | $0.025 | $0.075 | NA | 6th May 2022 | 18th May 2022 | 25th May 2022 | 5th May 2022 |
Nigerian Breweries | 16th February 2022 | 0.4 | 1.2 | 1.6 | NA | 10th – 16th March 2022 | 22nd April 2022 | 22nd April 2022 | 9th March 2022 |
United Capital | 18th February 2022 | 0 | 1.5 | 1.5 | NA | 9th – 15th March 2022 | 23rd March 2022 | 23rd March 2022 | 8th March 2022 |
MTN Nigeria | 28th January 2022 | 4.55 | 8.57 | 13.12 | NA | 7th April 2022 | NA | 28th April 2022 | 6th April 2022 |
Neimeth International Pharmaceuticals Plc | 30th December 2021 | 0 | 0.07 | 0.07 | NA | 15th – 21st March 2022 | 22nd March 2022 | 25th March 2022 | 14th March 2022 |
UPDC REIT | 30th December 2021 | 0.18 | 0 | 0.18 | 0 | 31st December 2021 | NA | 10th January 2022 | |
PZ Cussons | 1st November 2021 | 0 | 0.25 | 0.25 | NA | 10th – 14th January 2022 | 27th January 2022 | 28th January 2022 | 7th January 2022 |
Vitafoam Nigeria Plc | 30th December 2021 | 0 | 1.5 | 1.5 | NA | 14th – 18th February 2022 | 3rd March 2022 | 4th March 2022 | 11th February 2022 |