Cash out: Shareholders of MTN, 6 others pocket N292bn dividend | Dailytrust

Cash out: Shareholders of MTN, 6 others pocket N292bn dividend

Telecommunication giant, MTN Nigeria, United Capital lead the pack of listed companies that have announced a total of N292.5 billion as dividend to shareholders from their 2021 operations.

Data collected by Daily Trust suggest that seven companies from various sub-sectors have declared dividend payments from the 2021 operations namely MTN Nigeria, United Capital, UPDC REIT, PZ Cussons, Vitafoam, Nigerian Brewery and Neimeth International Pharmaceuticals.

MTN leads the pack with a dividend payout of N267bn amounting to N13.12 per share. MTN whose revenue touched a new high of N1.7 trillion in 2021, announced a final dividend of N8.57 per share translating to a payout of N174.4 billion.

It had declared a N4.55 interim dividend in July 2021, making its total dividend per share for the year stand at N13.12.

That puts the company’s stockholders on course to receive 39.6 per cent more of the cash reward they got a year earlier when N9.40 was paid as total dividend per share.

Nigeria Breweries trails behind with N12.9bn, which comes down to N1.6 per share. 

United Capital will pay N9bn at N1.50k/per share – an increase of 114 per cent. 

The company’s gross earnings were up 40 per cent year-on-year to N18.065 billion in 2021 from N12.874 billion in 2020. Investment income grew to N8.901 billion as against N8.262 billion

Vitafoam will pay N1.9bn at N1.50k/share. PZ Cussons will pay N993 million at 25kobo per share. UPDC will pay N480m at 18kobo per share and Neimeth N132m at 7kobo per share.

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