The Nigerian Exchange Limited, on Thursday, said investors in the Nigerian capital market had earned over N1tn from dividend payout by companies listed on the NGX in the past year. It said i
n a statement 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 from the NGX website, 57 companies across 11 sectors of quoted companies on Nigerian Exchange Limited had so far paid out N1.107tn. The data showed that 22 companies emerged from the financial services sector, nine companies from consumer goods, and four emerged from industrial goods.
