Dipo Olowookere
By Dipo Olowookere
One might not be wrong to say almost everybody wants money to keep the body and soul together and would do everything possible to continue to have a legal tender at hand at every point in time.
This is the reason some people work or do business or investment to have what to spend when the need arises.
For those looking for things to invest in for cool gains, they might have to consider buying up shares of some companies now to achieve this goal.
The Nigerian Stock Exchange (NSE) is mainly the only platform to trade stocks of publicly listed companies in the country.
At this time of the year, quoted firms are preparing their books for the first half of the year in anticipation of release to the investing public next month as required by listing rules.
During this period, some companies propose the payment of interim dividend to shareholders and they are paid only to those who have stocks of the firm at a set time.
So, if you wish to partake in this ‘freebie’, you should start considering buying up shares of companies which have history of paying interim dividend to shareholders.
Some of these quoted firms are Dangote Cement, GTBank, Access Bank, Zenith Bank, UBA, Stanbic IBTC, Seplat, amongst others.
In fact, this period the market is experiencing downturn is the best time to accumulate because stocks are selling at very cheap prices at the moment.
Like we will always advice at Business Post, you should apply due diligence when dealing in stocks. You should seek inputs of experts in the field, especially your stockbroker, who execute stock transactions on the floor of the NSE.
