Quoted companies cut cash dividend payments by N167 billion

Quoted companies cut cash dividend payments by N167 billion

Shareholders of quoted firms on the Nigerian Stock Exchange (NSE) in 2017 lost N166.86 billion in income, as dividend payment by 84 companies fell by 31 percent to N363.69 billion this year, compared with N530.55 billion paid in the 2016 dividend season. This decline affected sectors such as the financial services, building materials, food and…

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