Adedapo Adesanya
By Adedapo Adesanya
The payment of dividend is one thing shareholders of companies anticipate in every financial year and the denial of this by board is what is better imagined than experienced, though some are used to it.
The spotlight is always on companies on listed on the Nigerian Stock Exchange (NSE) and not those on the NASD OTC Exchange.
Business Post is bring to its readers the companies trading their shares on the NASD that have proposed payment of dividends to their shareholders this year and what they paid.
Friesland Campina Wamco Nigeria Plc, which posted a turnover of N149.2 billion for the year 2018, paid N6.36 Kobo per share to its shareholders, who had the company’s shares in their portfolio as at June 12, 2019. The company had its Annual General Meeting (AGM) on June 20.
Another company that paid dividend this year was Niger Delta Exploration and Production Plc, which made the highest payment of N13 per share for those qualified as at May 31, 2019. It held its AGM on June 20.
Central Securities Clearing Systems Plc (CSCS) paid a dividend of 70 Kobo per share with the qualification date fixed for April 9, 2019 and the AGM on April 30, 2019.
Dufil Prima Foods Plc, another firm which rewarded its shareholders this year, paid a dividend of 58 kobo with qualification date fixed for May 3, 2019 and the AGM for May 16.
Afriland Properties Plc on its own paid a dividend of 5 Kobo per share to its shareholders qualified as at March 5, 2019 and the approval was received at its AGM on March 28.
Another company that that cash dividend was Union Bank of Nigeria (UBN) Property Company Limited, which listed its shares in February 2018, paid 13 Kobo per share dividend to its shareholders with the qualification date fixed for June 7, 2019 and AGM on June 25.
On its part, NIPCO Plc has proposed the payment of N3 per share to its investors, who qualified as at September 13, 2019, but would require approval for payment at its AGM slated for Wednesday, September 25, 2019 in Lagos.
