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.
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.
Nigerian Stocks: List Of Dividends Announced In 2022
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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||Outstanding shares||Dividend payment||Closure Date||AGM Date||Payment Date||Qualification date|
|Guinness Nigeria||28th July 2022||0||7.14||7.14||NA||2,190,382,819||15,639,333,328||26th – 30th September 2022||25th October 2022||26th October 2022||23rd September 2022|
|Seplat Energy (interim)||28th July 2022||$0.025||NA||15th August 2022||NA||9th September 2022||12th August 2022|
|MTN Nigeria (interim)||29th July 2022||5.6||NA||19th August 2022||NA||26th August 2022||18th August 2022|
|Custodian Investment Plc (interim)||29th July 2022||0.1||NA||22nd – 26th August 2022||NA||1st September 2022||19th August 2022|
|Okomu Oil (interim)||1st August 2022||7||NA||23rd – 26th August 2022||NA||29th August 2022||22nd August 2022|
|Smart Products Nigeria Plc||20th June 2022||0||0.1||0.1||NA||45,000,000||4,500,000||8th – 15th July 2022||11th August 2022||18th August 2022||7th July 2022|
|Flour Mills of Nigeria Plc||15th June 2022||0||2.15||2.15||NA||4,100,379,605||8,815,816,151||15th – 19th August 2022||7th September 2022||8th September 2022||12th August 2022|
|FBN Holdings||26th May 2022||0||0.35||0.35||NA||35,895,292,792||12,563,352,477||14th – 15th June 2022||20th June 2022||21st June 2022||13th June 2022|
|Presco Plc||19th May 2022||1||6.6||7.6||1,000,000,000||7,600,000,000||11th – 13th July 2022||To be communicated||8th July 2022||8th July 2022|
|Airtel Africa Plc||13th May 2022||$0.02||$0.03||$0.05||NA||3,758,151,504||23rd June 2022||To be updated||22nd July 2022||23rd June 2022|
|Nestle Nigeria||1st March 2022||25||25.5||50.5||NA||792,656,252||40,029,140,726||30th May – 3rd June 2022||29th June 2022||30th June 2022||27th May 2022|
|Trans-Nationwide Express Plc||0||0||0||1 for every 16 existing shares||6th June 2022||15th June 2022||NA||3rd June 2022|
|Cadbury Nigeria Plc||24th March 2022||0||0.5||0.5||NA||1,878,202,040||939,101,020||13th May 2022||15th June 2022||16th June 2022|
|Cornerstone Insurance Plc||25th March 2022||0||0.05||0.05||NA||18,166,392,726||908,319,636||12th July 2022||26th July 2022||26th July 2022|
|Consolidated Hallmark Insurance Plc||8th March 2022||0||0.02||0.02||NA||10,704,500,000||214,090,000||16th May 2022||To be advised||To be advised|
|Aluminium Extrusion Industries Plc||30th March 2022||0||0.5||0.5||NA||219,956,000||109,978,000||30th May 2022||To be advised||To be advised|
|Julius Berger Nigeria Plc||31st March 2022||0||2.5||2.5||NA||1,600,000,000||4,000,000,000||30th May – 1st June 2022||16th June 2022||17th June 2022||27th May 2022|
|Chemical and Allied Products Plc||30th March 2022||0||1.25||1.25||NA||788,259,520||985,324,400||2nd – 8th June 2022||16th June 2022||17th June 2022||1st June 2022|
|Courteville Business Solutions Plc||4th April 2022||0||0.04||0.04||NA||3,552,000,000||142,080,000||10th June 2022||24th June 2022||24th June 2022||9th June 2022|
|Ecobank Transnational Incorporated||31st March 2022||0||0.16 US Cents||NA||6th – 10th June 2022||25th May 2022||6th July 2022||3rd June 2022|