Dipo Olowookere
By Dipo Olowookere
It a new week and many investors will be looking forward to a fruitful one at the stock market and will not expect happenings around to badly affect the market activities.
While this is being hoped for, it is important to let market participants, especially dividend hunters, know that they can check stocks of some companies that proposed to pay interim dividends for the half-year.
Most of the banks, which released their H1 2020 earnings about two weeks ago, will have the qualification dates for the cash reward this week.
Business Post is reminding investors of the qualification dates of these companies for market participants to take a position.
On Tuesday, September 15, 2020, those interested in taking the 40 kobo interim dividend proposed by the board of Stanbic IBTC Holdings Plc will be required to have the stocks at the close of the day’s business.
According to a notice from the lender, the register of members will be closed from Wednesday, September 16 to 23, 2020, and the payment will be made on Wednesday, September 30, 2020.
Also, Tuesday, September 15 is the qualification date for the 30 kobo interim dividend of GTBank Plc for the half-year ended June 30, 2020, while the register of members is to be closed the next day and the payment expected on Monday, September 21, 2020.
Another company having its qualification date for its interim dividend on Tuesday is UBA, which is planning to pay 17 kobo per share for the half-year. The closure of register is Wednesday, September 16, while the payment date is Wednesday, September 23, 2020.
Also, investors intending to get the 30 kobo per share interim dividend of Zenith Bank Plc will be expected to have the bank’s stocks in their portfolio at the close of business of Wednesday, September 16, 2020. The register of members, according to the company, will be closed on Thursday, September 17, while the payment will be made on Tuesday, September 22, 2020.
Thursday, September 17, 2020, is the qualification date for the 25 kobo interim dividend proposed by the board of Access Bank Plc, while Friday, September 18 is the closure of register date and payment to the bank accounts of qualifying shareholders expected on Monday, September 28, 2020.
For Red Star Express, it is not paying an interim dividend but a final dividend for the year ended March 31, 2020, and the amount is 35 kobo per share.
The qualification date for this is Friday, September 18, 2020, while the closure of register is from Monday, September 21 to 25.
The dividend proposed by the board of this company will have to be approved by shareholders at the Annual General Meeting (AGM) fixed for Thursday, October 8, 2020, at the Radisson Blu Hotel, Ikeja, Lagos, while the payment date is Thursday, October 15, 2020.
