Even though the stock dropped from ₦220 → ₦214, your total portfolio value doesn’t change if you held before the ex-date:
Example:
Shareholding: 50 shares
Dividend: 50 × ₦6 = ₦300
Value after adjustment: 50 × ₦214 + ₦300 = ₦11,000 (same as before payout)
Key Insight: Dividend distributions just shift value from the company to shareholders—they don’t destroy wealth.
Example:
Shareholding: 50 shares
Dividend: 50 × ₦6 = ₦300
Value after adjustment: 50 × ₦214 + ₦300 = ₦11,000 (same as before payout)
Key Insight: Dividend distributions just shift value from the company to shareholders—they don’t destroy wealth.