Investors earn more than 732 billion naira from dividends in the capital market


.. Like Dangote Cement, MTN, GTCO, BUA Cement, Stanbic IBTC lead the highest dividend

By Peter Egwuatu

Investors in the Nigerian capital market have earned more than 700 billion naira from the payment of dividends by companies listed on Nigerian Exchange Limited, NGX Year to Date, YtD.

So far, 58 companies in ten sectors of publicly traded companies have contributed N732.9 billion. This is broken down as follows: Financial Services 21, Consumer Goods 7, Industrial Goods six, Oil and Gas five, Health care four, ICT Services four three, Natural resources two, Construction real estate two, Agriculture two, and Conglomerates two.

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Overall, Dangote Cement paid the highest dividend, followed by MTN, GTCO, BUA Cement and Stanbic IBTC among the top five dividends paid to date.

NGX analysis showed that Dangote Cement in the industrial goods sector recorded N272.7 billion; MTN Nigeria Communications in the ICT sector 92.6 billion naira; GTCO in financial services 79.5 billion naira; BUA cement in the industrial goods sector 69.9 billion naira; Stanbic IBTC Holdings in the financial services sector, N46.6 billion.

The review showed that the financial sector has the highest number of dividend paying companies and the value of dividends, with GTCO leading the pack with a payout valued at 79.46 billion naira. In the consumer goods sector, Nestlé leads the seven companies with a payout of N28.12 billion. Fidson is the leader in the health sector with a payment of 521.59 million naira. Total Nigeria takes the lead in oil and gas with 2.06 billion naira; UACN leads the conglomerates with 3.45 billion naira. In the industrial goods sector, Dangote Cement is the leader with 272.65 billion naira. MTN Nigeria takes the lead in ICT with 92.61 billion naira; Caverton takes the lead in services with 335.05 million naira; while Okomu is the leader in the agricultural sector with 6.67 billion naira.

Meanwhile, recently NGX announced the release of its enhanced X-Mobile – a trading app that provides market participants, especially retail investors, with convenient, faster, and real-time access to information about NGX. , its listed securities and trading licensees.

Speaking on the development, NGX CEO Mr. Temi Popoola, CFA said, “The delivery of X-Mobile is in line with NGX’s strategic intention to provide an easily accessible exchange to stakeholders leveraging the 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 help make sound investment decisions. We are confident that the application will complement the NGX website and other NGX portals currently used to provide information to market players.

For his part, Mr. Jude Chiemeka, Business Unit Manager of NGX, said: “X-Mobile affirms our commitment to make financial services more inclusive and to deliver a superior customer experience in accessing and using of capital. The app has therefore been improved to ensure that capital market players and potential investors have the resources to get the most out of their engagement with the market.


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