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Equity Investors Earn Over N1trn Dividend in 12 Months

Stock exchange

…Gain N632.8bn in One Week

May 29, (THEWILL) – Investors in the Nigerian capital market earned over N1.1 trillion from dividend payout by companies listed on the NGX in the past year, The Nigerian Exchange Limited has said.

In a statement released on Thursday, May 26, the NGX disclosed that year-to-date, Dangote Cement, MTN Nigeria and eight others emerged as the highest companies in terms of total dividends paid, while Nestle, Total Energies Plc and eight others emerged as the highest in terms of dividends paid per share.

The NGX said dividend payment was one of the very few ways available for investors to earn a constant stream of income.

It stated, “It is also the main reason shareholders hold onto their shares in a company. It, therefore, brings great satisfaction to investors when these companies declare dividends to their shareholders.”

According to corporate action published on the NGX website, 57 companies across 11 sectors of quoted companies on the Nigerian bourse had so far paid out N1.107 trillion.  The data showed that 22 companies emerged from the financial services sector, nine companies from consumer goods and four emerged from industrial goods.

It further added that four companies emerged from the healthcare sector, three companies each from the oil and gas sector and the ICT sector, two companies each from the conglomerates, agriculture and construction sector, while one company emerged from the natural resource sector.

The data showed that Dangote Cement in the industrial goods sector recorded N340.8bn; MTN Nigeria Communications in the ICT sector posted N174.4bn; BUA Cement in the Industrial Goods sector posted N88bn; while Zenith Bank Plc in the financial services sector recorded N87.9bn.

It stated that Nestle Nigeria Plc topped the highest companies in terms of dividend per share with N25.50 per share.

Dangote Cement Plc posted about N20 per share while Total Energies, Airtel Africa, MTN Nigeria, Okomu Oil, Presco Plc, BUA Foods Plc, Zenith Bank and GTCO followed in the descending order.

Furthermore, equity investors earned N632.8 billion in the week ended May 27, 2022 with market capitalization crossing the N29 trillion mark to close at  N29.158 trillion as against N28.526 trillion it closed on the first trading day on Monday May 23, 2022. The All Share Index (ASI) closed at 54,085.30 compared to 52,911.51, up by 1,173 basis points.

A total turnover of 1.840 billion shares worth N27.286 billion in 27,273 deals was traded last week by investors on the floor of the Exchange, in contrast to a total of 3.021 billion shares valued at N31.784 billion that exchanged hands in the previous week in 29,153 deals.