The dividend season is here once again, investors are on the look out for best stock as companies proposes dividend payments to their shareholders as recommended by their respective boards of directors.
The Directors of companies as usual have proposed the payment of dividends to shareholders. However, the proposed dividends are subject to shareholders’ approval at the Annual General Meeting of the individual companies later in the year.
If you are an investor with an eye on stock, it is very important to keep a close look on these announcements to know who is eligible to collect the dividend, when it will be approved, and when it will be paid.
Important Dividend Dates
Dividend payments follow a chronological order of events, and the associated dates are important to determining which shareholders qualify to receive the dividend payment.
Key dividend legends you need to know
Announcement date: Dividends are announced by company management on the announcement date (or declaration date). This must be approved by the shareholders before they can be paid.
Payment date: The company issues the payment of the dividend on the payment date, which is when the money gets credited to investors’ accounts. Payment is usually either via post (dividend warrants) or direct credit to your bank accounts (e-dividend).
|Company||NGX ticker||Final Dividend||Payment Date|
|Africa Prudential Plc||AFRIPRUD||50k||23/23/22|
|Custodian Investment Plc||CUSTODIAN||40k||08/04/22|
|Dangote Cement Plc||DANGCEM||₦20||14/06/22|
|Dangote Sugar Refinery Plc||DANSUGAR||₦1||16/06/22|
|Guaranty Trust Holding Company Plc||GTCO||₦2.7||08/04/22|
|Lafarge Africa Plc||WAPCO||₦1||21/04/22|
|MTN Nigeria Communications Plc||MTNN||₦8.57||28-04-22|
|NASON Allied Industries plc||NASCON||40k||06-06-22|
|Neimeth International Pharmaceutical Plc||NEIMETH||7k||25-03-22|
|Nigerian Breweries Plc||NB||₦1.2||22-04-22|
|Nestle Nigeria Plc||NESTLE||₦25.5||30-06-22|
|P Z Cussons Nigeria Plc||PZ||25k||28-01-22|
|Seplat Energy Plc||SEPLAT||2.5cents||250-5-22|
|Transcorp Hotels Plc||TRANSCOHOT||7k||05-04-22|
|United Bank for Africa Plc||UBA||80k||07-04-22|
|United Capital Plc||UCAP||₦1.5||23-03-22|
|Vitafoam Nigeria Plc||VITAFOAM||₦1.5||04-03-22|
|Zenith Bank Plc||ZENITHBANK||₦2.8||06-04-22|