Dividends - Nigeria stock exchange library.
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DOES ZENITH BANK PAY DIVIDENDS? IF YES, IN WHAT FORM?
Yes, but only when declared. Zenith Bank dividends may be in form of cash or stock (i.e. bonus issues).
Yes, but only when declared. Zenith Bank dividends may be in form of cash or stock (i.e. bonus issues).
A lot of Nigerian stock market companies are paying dividends but their share prices are low. So how do people work around this?
When investors continues to lose money, they will stop investing and it will crash the Nigeria economy system. What can we do to help it>?
When investors continues to lose money, they will stop investing and it will crash the Nigeria economy system. What can we do to help it>?
Melvin
Active Member
I might consider investing half of my funds in company stocks that have high tendencies of picking in the future,i'd say gtbank.
Melvin
Active Member
there is really nothing we can do about this, alot of money can be pumped in to try attain some sense of nomalcy in the market,but still it doesn't guarantee the full revival of the economy and the market,with time maybe years or months good stocks will skyrocket...investors such look out for golden companies.
Yeye people just paid my GTCO dividend.
Mixed feelings cos I lost a potential capital gain of N6m from WAPCO chasing that dividend. But nothing lost. We Mooovee
Mixed feelings cos I lost a potential capital gain of N6m from WAPCO chasing that dividend. But nothing lost. We Mooovee
Losses/Gains Recorded By Major Oil Companies Listed on NGX Between the Last Trading Day of May 26 Before PBAT Inauguration on May 29 and Today, July 7 As at 12.40pm ( May 26-July 7)
• Ardova; N17.35-N16.50 (4.9% Loss)
• Oando; N5.60-N5.75 (2.6% Gain)
• Total; N249-N370 (49% Gain)
• Conoil; N47.95-N102.30 (113% Gain)
• MRS; N40.80-N99.50 (144% Gain)
• Eterna; N7.00-N28.40 (306% Gain)
• Ardova; N17.35-N16.50 (4.9% Loss)
• Oando; N5.60-N5.75 (2.6% Gain)
• Total; N249-N370 (49% Gain)
• Conoil; N47.95-N102.30 (113% Gain)
• MRS; N40.80-N99.50 (144% Gain)
• Eterna; N7.00-N28.40 (306% Gain)
Key result summary for Guinness Nigeria Plc Half Year 2023 (UNAUDITED)
NGN 2023 vs 2022
Revenue: N 142.595 b vs N 118.451 b : +20.38%
Profit/(Loss) before tax: -N 4.432 b vs N 7.235b : -161.26%
Profit/(Loss) for the period: -N 5.233 b vs N 4.024 : -230.04%
Basic EPS (kobo): -239 vs 184: -229.89%
Net Asset: N 74.45 b vs N 67.56 b : +10.2%
NGN 2023 vs 2022
Revenue: N 142.595 b vs N 118.451 b : +20.38%
Profit/(Loss) before tax: -N 4.432 b vs N 7.235b : -161.26%
Profit/(Loss) for the period: -N 5.233 b vs N 4.024 : -230.04%
Basic EPS (kobo): -239 vs 184: -229.89%
Net Asset: N 74.45 b vs N 67.56 b : +10.2%
I WILL REINVEST 100% OF MY DIVIDENDS IN RIGHT ISSUES – ELUMELU TELLS UBA SHAREHOLDERS
UBA shareholders are being encouraged to reinvest their dividends in the bank’s upcoming rights issue. Tony Elumelu, the bank’s chairman, announced during the Annual General Meeting that he will be reinvesting 100% of his dividends from FY 2023.
Elumelu stated, “I’m advising shareholders, as you get your dividends, reinvest a significant part of it. My group and I, we would be investing 100% of the dividends we get. If we don’t do so, we would be leaving food on the table for others who did not labour for it.”
For FY 2023, UBA paid a final dividend of N78.7 billion, representing N2.3 per ordinary share to its over 277,000 shareholders. Elumelu, the largest individual shareholder, holds about 2.54 billion shares through direct and indirect holdings and will receive approximately N5.85 billion in dividends.
During the AGM on May 24, 2024, shareholders approved the proposed rights issue to issue 10,800,578,634 new shares, increasing the bank’s share capital from N17.1 billion to N22.5 billion. This allows shareholders to reinvest their dividends to raise funds for the bank.
While the offer price of the rights issue is yet to be determined, with UBA shares trading around N19 as of May 24, 2024, it is estimated that the offer price will be around N15 per share. If the new shares are fully issued at this price, the bank will raise N162 billion. With a current minimum paid-up capital of N115.8 billion, UBA needs to raise up to N384.2 billion to meet the N500 billion minimum capital requirement for an international banking license, suggesting that more fundraising will be necessary.
Elumelu outlined the recapitalization strategy, which includes a rights issue followed by a private placement and a public offering, stating, “Recapitalization is not an issue at all. Three stages, rights, private placement, and public offering. Although, I highly doubt that it will get to the public offer.”
UBA shareholders are being encouraged to reinvest their dividends in the bank’s upcoming rights issue. Tony Elumelu, the bank’s chairman, announced during the Annual General Meeting that he will be reinvesting 100% of his dividends from FY 2023.
Elumelu stated, “I’m advising shareholders, as you get your dividends, reinvest a significant part of it. My group and I, we would be investing 100% of the dividends we get. If we don’t do so, we would be leaving food on the table for others who did not labour for it.”
For FY 2023, UBA paid a final dividend of N78.7 billion, representing N2.3 per ordinary share to its over 277,000 shareholders. Elumelu, the largest individual shareholder, holds about 2.54 billion shares through direct and indirect holdings and will receive approximately N5.85 billion in dividends.
During the AGM on May 24, 2024, shareholders approved the proposed rights issue to issue 10,800,578,634 new shares, increasing the bank’s share capital from N17.1 billion to N22.5 billion. This allows shareholders to reinvest their dividends to raise funds for the bank.
While the offer price of the rights issue is yet to be determined, with UBA shares trading around N19 as of May 24, 2024, it is estimated that the offer price will be around N15 per share. If the new shares are fully issued at this price, the bank will raise N162 billion. With a current minimum paid-up capital of N115.8 billion, UBA needs to raise up to N384.2 billion to meet the N500 billion minimum capital requirement for an international banking license, suggesting that more fundraising will be necessary.
Elumelu outlined the recapitalization strategy, which includes a rights issue followed by a private placement and a public offering, stating, “Recapitalization is not an issue at all. Three stages, rights, private placement, and public offering. Although, I highly doubt that it will get to the public offer.”
Sterling bank no dividend this year, AIICO to pay 5kobo dividend as against 3kobo last year and Consolidated Hallmark Holdings to pay 5kobo.
UBA has paid, we are also waiting on some companies to pay their dividends.