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 NSE.
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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NPF Microfinance Bank Plc N0.20k 11th May 2020 Nil 17th – 22nd June 2020 30th June 2020 30th June 2020 16th June 2020
Okomu Oil Palm Plc N2.00 23rd April2020 Nil 19th – 22nd May 2020 28th May 2020 29th May 2020 18th May 2020
Lafarge Africa Plc N1 27th April 2020 Nil 4th – 8th May 2020 3rd June 2020 3rd June 2020 30th April 2020
Wema Bank Plc N0.04k 23rd April 2020 Nil 7th – 12th May 2020 18th May 2020 18th May 2020 6th May 2020
UAC of Nigeria Plc N0.10k 20th April 2020 Nil 19th – 22nd May 2020 to be announced to be announced 18th May 2020
Union bank of Nigeria N0.25k 13th April 2020 Nil 27th – 30th April 2020 6th May 2020 6th May 2020 24th April 2020
FBN Holdings N0.38k 6th April 2020 Nil 21st – 22nd April 2020 27th April 2020 28th April 2020 20th April 2020
Lafarge Africa Plc N1.00k 6th April 2020 Nil 4th – 8th May 2020 26th May 2020 26th May 2020 30th April 2020
Ikeja Hotel Plc N0.02 3rd April 2020 Nil 2nd – 8th July 2020 30th July 2020 7th August 2020 1st July 2020
McNichols Consolidated Plc N0.03k 1st April 2020 Nil 2nd – 8th July 2020 30th July 2020 7th August 2020 1st July 2020Showing 1 to 10 of 100 entriesPreviousNext
DIVIDENDSDIVIDENDSNIGERIAN BUSINESS NEWSNIGERIAN SHAREHOLDERSNIGERIAN STOCK EXCHANGE (NSE)NIGERIAN STOCK EXCHANGE NSE STOCKSNIGERIAN STOCKSSHAREHOLDERS’ EQUITYTABLES
Research TeamNairametrics Research team tracks, collates, maintains and manages a rich database of macro-economic and micro-economic data from Nigeria and Africa. Our analysts share some of the data collated on Nairametrics, using formats such as docs, tables and charts etc. The team also publishes research based analysis as articles on a regular basis.147 COMMENTS
BLURBAnalysis: MTN’s blow out Q1 profit vs Covid-19 headwinds
Covid-19 does posses some risk for the company, particularly in the Nigerian context.
Published 3 hours ago on May 12, 2020By Lawretta EgbaAnalysis: MTN’s blow out Q1 profit vs Covid-19 headwinds
If there is any network that has grown with its audience in Nigeria, it is MTN. With its most active users covering a demography of age 18 to 27, it is the network for the tech-age youth. From keeping them up all night with friends for Extra Cool calls to the nostalgic adverts, the network has had its fair share of growth – and signals show no sign of it slowing down.
Just like its brand, the company has strategically positioned itself and made expansionary decisions to get it to where it is – the second most capitalized stock in the NSE. MTN Nigeria’s (MTNN) Q1 2020 financials show that the company has it good and we’re not surprised.
Its results reveal a great quarter for the telecommunications giant with a 16.7% gain in revenue, making ₦329.1 billion in the first quarter of this year in comparison to the ₦282.1 billion it made in the comparative quarter, Q1 2019. The telecommunication industry has naturally enjoyed a spike in usage since the last month of the quarter owing to the enforced lockdown, and its streak is still in motion
GTB is minting profits but CBN is squeezing its cash.
With a ₦51.1 billion profit for the period in comparison to Q1 2019 of ₦48.4 billion, it disclosed profits 5.9% higher than last year – even with increased finance costs of 25.3% percent revealing the capital-raising measures taken by the group to stimulate its operations. It was also in line with this that the company recorded a jump of 103.5% in interest expense on borrowings from ₦7.9 billion in Q1 2019 to ₦16.1 billion in Q1 2020. Total value also recorded a jump as there was a 35.3% growth in the group’s net asset from Q1 2019’s ₦145 billion to Q1 2020’s ₦196 billion.
Its revenue figure is defined by a jump in voice calls of 6.14% from the ₦182.8 billion earned in Q1 2019, to its Q1 2020 ₦194 billion turnovers. However, it is nothing compared to the 58.84% increase in revenue derived from local data usage (excluding roaming data) in the quarter from Q1 2019. Value-added service and digital services also witnessed a jump of 33.93% and 12.11% respectively. Having settled the $2 billion claim for back taxes it was plagued with last year that swayed investor confidence, it certainly came back strong this year.
Naturally, the lockdown has contributed its fair share to the performance of the stock though most of this will reflect in its second-quarter results. With more people using their phones, we expected a spike in revenue governed by increased data usage. This trend is bound to be higher in the second quarter as more Nigerians choose to work from home relying on internet data to power their tasks. And for those without jobs, the internet serves as a perfect companion in both times of need and despair.
MTN Nigeria: Accelerated growth in data revenue to buoy earnings despite soft macro conditions
The telecommunication industry itself is a growing one; Nigerian Communications Commission (NCC) reveals that as at Q4 2019, the telecoms industry contributed 10.60% to the GDP of the country and the total active telephone subscribers in Nigeria as at January stood at 185.7 million. With MTNN holding the largest market share of active telephone subscribers – 38% of GSM subscribers and 43% of internet subscribers, there is no doubting its growth trajectory.
Covid-19 does posses some risk for the company, particularly in the Nigerian context. In times past, the government looks for who to prey when its revenues are faltering. MTN was once a prey and it paid a huge price for falling into the government’s trap. As the economy falters more eyes will focus on organisations that are posting monstrous profits. Taxes, penalties, donations should interest the government and MTN would be careful to protect investor interest while giving to Ceasar its due.
Surviving the looming recession in the Nigerian tech space
MTNN and the Market
MTNN’s share price has had a turbulent 2020. The stock is up 6.6% YTD and fell to a year low of N90 in March. At a price-earnings ratio of 11.3x investors are bullish about its ability to continue to deliver impressive growth. MTN has had a nice ride since its listing about a year ago. The first wave was observed within 48 hours of its being listed on the NSE for the first time in May 2019 when it was immediately ranked amongst the NSE top 5. It also didn’t take a couple of months before it shook the market by becoming the first on the NSE, temporarily surpassing Dangote Cement.
Having settled its tax disputes, its shares hit an all-time high of N159 per share before pulling back as investors worried about the faltering economy. MTN share price is still a bit off its 2020 high of 127 and could well be on its way there.
The price closed at ₦112 on Monday 11th May with a 52-week range of ₦90 and ₦159.3.
CONTINUE READINGCRYPTOCURRENCYBitcoin halving: Here is what experts think comes next
It is the beginning of a long upward trend, one that, considering the broader economic environment, is set to experience increased volatility, especially in the next few weeks.
on May 11, 2020By Abiola Odutola Bears extend reign to crypto market, drops by about 50%, Answering the big Bitcoin question – buy, sell or hold?, Why cryptocurrencies are falling lately, Nigerians passion for bitcoin, Bulls push Bitcoin pass $7200 level, Bitcoin breaks past $7500 for the first time since early March, Nigerians Beware Of Bitcoin Fraudsters
While investors and market watchers await the ripples of Bitcoin halving, experts in Luno have great expectations of the event.
Bitcoin halving is a planned reduction in rewards miners receive that happens once every four years or so and this will be the third since Bitcoin was launched in 2009.
A halving is a 50% reduction in the value of rewards to Bitcoin miners, as it is generated by miners. How it works? They have computers performing complex calculations that validate the transactions on a public digital ledger, called the blockchain. Here, the miners compete with each other to earn newly-issued tokens known as a block reward.
Chief Executive Officer, Luno, Marcus Swanepoel, expects Bitcoin to return to its all-time highs within the next one year and 18 months.
GTBank 728 x 90
He said, “I believe we are currently at the beginning of a long upward trend, one that, considering the broader economic environment, is set to experience increased volatility, especially in the next few weeks.
“Nevertheless, with the halving and with some patience, we will see that same sharp increase common with previous halvings, even if it will take a bit longer than usual to get there.”
According to him, a recent poll of Luno users revealed that most users (75%) expect the bitcoin price to be “higher” or “much higher” by the end of 2020.
“That is the reason it was only less than 5% of the users are willing to sell their bitcoin over the next six months, as more than 90% expecting to buy more, increase trading or hold on to their crypto over the same period of time,” he said.
On how the price will be affected, General Manager, Luno Africa, Marius Reitz, explained that the halving would drive the demand for Bitcoin and that will push the prices.
He said, “If you drop supply of anything by 50%, usually it drives demand and therefore prices increase. Many have upped their holdings in anticipation of a bull run.
“Countries with unstable currencies like South Africa have seen Bitcoin as a safe haven and good store of value and with governments printing money all over the world, inflation is likely to be higher than in the past. The Covid-19 situation may reduce the purchasing power of fiat currency, prompting more people to consider Bitcoin.”
He recalled that since there have only been two previous halvings, it means there are only two data points, which is not significant enough to devise a trend.
“If supply slows down and demand stays constant, prices will rise. In the past, the halving has correlated with an increase in the price. The first halving took place on 28 November 2012, when one BTC was worth around $11.
“In the course of just a year after the event, Bitcoin’s price swelled to $1,100. The second halving took place in July 2016. Bitcoin maintained a price of around $600–$700 before flying to $20,000,” he added.