Shareholders of Jaiz Bank to share N883.9m dividend

Shareholders of Jaiz Bank to share N883.9m dividend

Shareholders of Jaiz Bank to share N883.9m dividend     The shareholders of Jaiz Bank Plc have approved a total dividend of N883.9 million, representing three kobo per share, for the 2020 financial year. A statement from the bank, titled ‘Jaiz Bank Plc to pay N883.9 million dividend to shareholders’, said this was disclosed at the bank’s 9th annual general meeting in Abuja on Wednesday. The Chairman of the bank, Alhaji Umaru Mutallab, said the bank worked assiduously towards ensuring that the dividend payment was made to the shareholders to…

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MTN pays shareholders better dividend of N9.40k per share

MTN pays shareholders better dividend of N9.40k per share

MTN pays shareholders better dividend of N9.40k per share     Nigeria’s mobile telecommunications giant, MTN Nigeria Communications Plc, has announced the payment of N9.40k as final dividend for the year ended December 31st, 2020. The 2020 dividend is an improvement by 18.7 per cent compared with the preceding year, 201. MTN Nigeria’s Chairman, Dr. Ernest Ndukwe said “Despite the challenging operating conditions during the year, I am happy to report that our company recorded improved performance across all key metrics, creating the shareholder value achieved. “This performance demonstrates the…

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Julius Berger proposes final dividend for 2021

Julius berger

Julius Berger proposes final dividend for 2021   Period ended: 31 December 2020 Proposed Dividend: A Final Dividend of N0.40K per 50 kobo share subject to shareholders’ approval and appropriate withholding tax will be paid to shareholders whose names appear in the Register of Members as at the close of business on the 28 May 2021. Closure of Register: The Register of Shareholders will be closed on 31 May to 2 June 2021 Payment date: On 18 June 2021, dividends will be paid electronically to shareholders whose names appear on…

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Union Bank declares N7.28bn dividend

Union Bank Emeka Emuwa

Union Bank declares N7.28bn dividend     The board of directors of Union Bank of Nigeria (UBN) Plc has recommended payment of a dividend per share of 25 kobo to shareholders as return for the 2020 business year. Based on a total of 29,120,752,788 shares outstanding of the company, the dividend amounted to an aggregate of N7.28 billion. The dividend recommendation was part of the highlights of the audited report and accounts of the bank for the year ended December 31, 2020, released at the weekend at the Nigerian Exchange…

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Dangote Sugar Refinery proposes N18.22bn final dividend for 2020

Dangote Sugar Refinery Dividend

Dangote Sugar proposes N18.22bn final dividend for 2020 Dangote Sugar Refinery Plc, a subsidiary of Dangote Group, has proposed a final dividend of N1.50 for its shareholders for the year ended December 31, 2020> According to a corporate filling by the company obtained from the Nigerian Stock Exchange (NSE) by Business Metrics on Sunday, the final dividend to be paid for every share of 50K brings the aggregate to N18.22 billion based on the total 12,146,878,241 shares outstanding of the company. In the corporate filling signed by Mrs. Temitope Hassan,…

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Dangote Cement announces N273 billion dividend for shareholders

Dangote Cement Q4 2020 Results

Dangote Cement announces N273 billion dividend for shareholders     Nigeria’s biggest public company Dangote Cement Plc said it would pay shareholders N16 for every share held in the company for the 2020 financial year, translating to a total dividend payout of N272.648 billion. This is according to a note published by the Nigerian Stock Exchange (NSE) on Friday and seen by Business Metrics. The cement maker has been paying shareholders the same dividend for the past three years. “The audited financial statements will be filed with the NSE on or before…

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MTN Group suspends 2020 final dividends; explains why

MTN Group CEO Ralph Mupita

MTN Group suspends 2020 final dividends; explains why   Subscribers rises to 280 million Reports Strong 2020 Results Unveils Ambition 2025 strategy   MTN Group today has suspended the final dividend for 2020 due to its near-term focus on faster de-leveraging of its holding company as well as three conditions which negatively impacted this objective. These related to uncertainties around cash upstreaming from Nigeria, the timing of ARP proceeds and COVID-19 impacts. The telco had reported a very strong set of operational and financial results for 2020, displaying business resilience…

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Nestle declares N28.1bn dividend as pandemic impacts operations

Nestle declares N28.1bn dividend

Nestle declares N28.1bn dividend as pandemic impacts operations   Nestle Nigeria Plc, leading consumer goods company, has reported positive performance metrics for the year ended December 31, 2020, albeit the performance reflected the harsh economy environment caused by Coronavirus pandemic in the year. The company has just declared payment of N28.1 billion to its shareholders as the final dividend for the period ended 31st December 2020. According to the announcement made available to its shareholders and the investing public via the website of the Nigerian Stock Exchange, Nestle is expected to pay…

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Shareholders of Custodian Investment to share N2.65bn as dividend

Custodian Investment

Shareholders of Custodian Investment to share N2.65bn as dividend     The Board of Directors of Custodian Investment Plc has announced the payment of a final dividend of 45 kobo for every share of 50 kobo held by shareholders, a filling by the company at the Nigerian Stock Exchange (NSE) stated on Monday. With its share outstanding at 5,881,864,195, the investment holding company with interest in life insurance, general insurance, pensions, trustees, property and financial service will be paying a sum of N2.65 billion as total dividend for the year…

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2020: Vitafoam shareholders to share N979.4m as dividend

Viatfoam

2020: Vitafoam shareholders to share N979.4m as dividend   Shareholders of Vitafoam Nigeria Plc are set to be rewarded from the gains of the operations of the company in 2020, despite the general economic downturn triggered by Coronavirus pandemic in the year. On the strength of the company’s outstanding performance last year, its board has recommended a cash dividend of N979.4 million for 2020, 64.5 per cent above N595.4 million paid in 2019. The current dividend translates into 70 kobo per share as against 42 kobo paid in the preceding…

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