Dipo Olowookere
By Dipo Olowookere
About N1.107 trillion has been earned from dividends between January 2022 and May 2022 by shareholders of some companies listed on the Nigerian Exchange (NGX) Limited.
According to corporate action from the NGX website, 57 companies across 11 sectors of quoted companies on the bourse have made the payment to their respective investor on a year-to-date basis.
The payments were made by the organisations for the 2021 financial year. They declared the cash rewards after the release of their results in the period under review and more are still expected for the half-year of the current fiscal year in the next few months.
The data further showed that 22 companies emerged from the financial services sector, nine from consumer goods and four from industrial goods.
Furthermore, four were from the healthcare sector, three each from the energy sector and the ICT sector, two from the conglomerates, agriculture and construction sector, while one company is from the natural resource sector.
Business Post reports that dividend payment is one of the very few ways available for investors to earn a constant stream of income and some lookout for stocks churning out cash rewards regularly.
It is also the main reason shareholders hold onto their shares in a company. It, therefore, brings great satisfaction to investors when these companies declare dividends to their shareholders as it inspires them to invest more to earn more.
Analysis indicated that Dangote Cement, MTN Nigeria and eight others emerged as the highest companies in terms of total dividends paid, while Nestle, Total Energies Plc and eight others emerged as the highest in terms of dividend paid per share.
Dangote Cement in the industrial goods sector recorded N340.8 billion, MTN Nigeria Communications in the ICT sector posted N174.4 billion, BUA Cement in the industrial goods sector posted N88 billion, while Zenith Bank Plc in the financial services sector recorded N87.9 billion.
Nestle Nigeria Plc topped the highest companies in terms of dividend per share with N25.50 per share, followed by Dangote Cement Plc with about N20 per share, while Total Energies, Airtel Africa, MTN Nigeria, Okomu Oil, Presco Plc, BUA Foods Plc, Zenith Bank and GTCO followed in order.
