The Nigerian Stock Exchange (NSE) has underscored the importance of registration for the electronic dividend payment (e-dividend) system as a key measure to address the recurring issue of unclaimed dividend. The NSE recently organised an investor clinic to educate capital market stakeholders on the role of dematerialisation, direct cash settlement and e-dividend in the development […]
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The shareholders of Nigerian Breweries Plc have approved the company’s dividend pay-out of ₦28.386bn for the 2016 financial year. The shareholders, at the 71st Annual General Meeting of the company held in Lagos, noted that the company’s performance in spite of the very challenging operating environment, was impressive and commendable. They stated that the 2016 […]
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In view of the improved performance of NIPCO Plc and its consistent dividend payout, shareholders of the company have lauded the board and management on the 2016 results even as they approved a dividend of 300k per share. NIPCO Plc had a turnover of N170.504billion in 2015 to N2.031billion in 2016. Similarly profit after tax […]
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While the general shareholders of the first batch of seven banks announcing results so far received a total dividend income of N162 billion, indicating a rise by 13 per cent against N143.3billion in 2015, directors of the banks numbering 78 recorded 20.5 per cent rise in their dividend income at N10.34 billion as against N8.58 […]
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In a bid to curb the growth of unclaimed dividend in the Nigerian capital market, the Securities and Exchange Commission (SEC) has provided a portal in which unregistered investors could register for payment of their dividends electronically. In a statement released on SEC’s website yesterday, it said that it has provided a platform for investors […]
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Fidelity Bank Plc grossed N152 billion in earnings for its 2016 financial year and is proposing to pay a dividend of 14kobo per share to shareholders. The full year audited results for the lender, released by the Nigerian Stock Exchange (NSE), show a 3.5 per cent per cent growth in gross earning, compared with N146 […]
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Shareholders of United Bank for Africa Plc have approved the payment of N19.9bn as final dividend for the financial year ended 31st December 2016, in addition to N7.3bn interim dividend paid after the audit of its 2016 half-year results. The bank said in a statement that the shareholders unanimously approved the N0.55 per share final […]
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The shareholders of Zenith Bank Plc, on Wednesday, approved a final dividend payout of N55.573bn, bringing the total dividend for the year ended December 31, 2016 to N63.422bn. The approval was given at the Annual General Meeting of the bank held in Lagos. The shareholders commended the board, management and staff of the bank for […]
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