2018’s lists of dividend declared so far
by BALA AUGIE
February 26, 2018 | 1:50 am| | | Start Conversation
There are indications that financial results will start pouring from different corners into the website of the Nigerian Stock Exchange (NSE).
Before those results start trickling in, we have decided to show the lists of firms that have paid dividend so far in 2017.
Dividend paying stocks are attractive to investors as they expect share appreciation.
Nigerian Breweries Plc
The board of directors of the Nigerian brewer has recommended a N33 billion dividend to shareholders for 2017 financial year, which 15.39 percent increase from the N28.13 billion distributed in 2016.
The recommendation, which amounts to a total dividend of N4.13 per share for the 2017 operating year was part of the company’s filing to The Nigerian Stock Exchange on Thursday, 15th February 2018.
NB has been maintained a 100 payout ratio as it distributed all of earnings as dividend, which is a manifestation of a consistent profit position while dividend yield stood at 3 percent.
While the company recorded a 16.18 percent increase in net income to end 2017 financial year, profit margins have succumbed to higher production and material costs. Sales volumes have dropped 4-6 percent, according to parent company Heineken.
Nigerian Breweries is trading at a price earnings ratio of 32x; this suggest the market expects the stock to grow its earnings every year.
The stock is also trading at a price to book ratio of 5.8x, meaning that its market value is nearly 6 times its Net Assets.
The Nigerian Brewers’ share price closed at N124 at the close of business on Friday, valuing it at N1.04 trillion.
Transcorp Hotel Plc
The board of Transcorp Hotels Plc has recommended to shareholders for approval of a dividend of 12.40 kobo per share to be paid on March 2017.
For the year ended December 2017, the company posted a profit after tax of N2.68 billion while sales stood at N13.84 billion in the period under review.
The company has been grappling with the tough and unpredictable macroeconomic environment.
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