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BUA, DANGOTE, MTN others pay investors N700bn

T.I Ukende
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BUA, DANGOTE, MTN others pay investors N700bn 

MTN Nigeria Communications Plc, Dangote Cement Plc, GTCO Plc, 55 others have paid their investors over N732.91 billion as dividend year-to-date (YTD).

This was disclosed by the Nigerian Exchange (NGX) in a statement issued on Monday.

According to the statement, 58 companies across ten sectors of quoted companies on The Exchange have paid out N732,915,168,509.29.

This is broken down as follows: financial services (21), consumer goods (7), industrial goods (6), oil & gas (5), healthcare (4), services (4), ICT (3), natural resources (2), construction/real estate (2), agriculture (2) and conglomerates (2).

It stated, “Overall, Dangote Cement has made the highest dividend payout, followed by MTN, GTCO, BUA Cement and Stanbic IBTC as top five highest dividend payment so far.”

Highlights of the dividend:

The financial sector has the highest number of companies paying dividends and value of dividends, with GTCO leading the pack at a payout valued at N79.46 billion.

In the consumer goods sector, Nestle leads amongst the seven companies with a payout of N28.12 billion.

Fidson leads the healthcare sector with payout of N521.59 million.

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Total Nigeria takes the lead in oil & gas at N2.06 billion;

UACN leads the conglomerates with N3.45 billion.

In the industrial goods sector, Dangote Cement Plc is the leader with N272.65 billion.

MTN Nigeria takes the stage in ICT with N92.61 billion, while Caverton takes the lead in services with N335.05 million; and Okomu leads in the agriculture sector with N6.67 billion.

The Chief Executive Officer, NGX, Temi Popoola, stated, “The delivery of X-Mobile is in line with NGX’s strategic intent to provide an exchange that is easily accessible to stakeholders leveraging digital technology. X-Mobile, therefore, provides a platform to engage with existing and potential investors who now have an increased appetite for data and detailed disclosure information to aid sound investment decisions. We are confident that the app will complement the NGX website and other NGX portals currently being used to provide information to market stakeholders.”

Also, the Divisional Head, Trading Business, NGX, Mr. Jude Chiemeka, stated that, “X-Mobile affirms our commitment to make financial services more inclusive and provide a superior customer experience in the access and use of capital. The app has, therefore, been enhanced to ensure that capital market players and potential investors have the requisite resources to make the most out of their engagement with the market. We believe that X-Mobile is on course to become the primary interface for local and international investors to stay abreast of market trends and domestic economic performance.”

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As a multi-asset securities exchange offering equities, fixed income and exchange-traded funds, NGX continues to make concerted efforts to attract investors to the market through its innovative products and services, engagement sessions, and investment education initiatives.

It would be recalled that it recently held a retail investors webinar with the theme, Green and Sukuk Bonds: More Than Just Investing, which provided investors with an in-depth view of the sustainable finance space and how to leverage same for returns. With these positive actions, investors can look forward to a thriving capital market with diverse solutions to meet their investment needs.

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