Six Firms Declare Dividend
July 7th, 2009 Ogunyemi Olumade || olumade@stockmarketnigeria.com
A review of the company news released by the Nigerian Stock Exchange on Friday 3rd July, 2009 indicates that more companies are resolving to corporate actions (bonus and dividend declarations) in a bid to compensate investors for relatively stagnant prices in recent times. The Directors of six out of ten companies that released their final score cards during the week ended Friday 3rd July, 2009 are proposing dividends ranging from 2k to N5.20 for their share holders.
African Petroleum Plc is to give investors on its register as at July 3rd, 2009 N5.20 per share on July 27, 2009 while May & Baker Nigeria Plc is promising its investors 40k per share on August 10, 2009 although the company’s register would be closed for this purpose on July 16, 2009. Trans-Nationwide Express Plc and Associated Bus Company Plc are rewarding their shareholders with 10k per share while Sovereign Trust Insurance Plc is offering its investors 3k per share to be paid on September 7, 2009. Staco Insurance Plc and Regency Alliance Insurance Plc are both offering one bonus share for every existing 10 shares in addition to 2k dividend.
Chevron Oil Nigeria Plc also released its audited result for the year ended 31st December 2008 without a mention of dividend. On the contrary, the company declared a loss after tax of N225.42 million compared with profit after tax of N1,959.32 million in 2007. The Board of Directors had earlier attributed the change in fortune in the company to industrial strike actions by Transport Union and Employees.
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please what is the status of Airline and logistics. is ther any problem with the company?
plesae assist me the details of thsi company and history of existence.
thanks
Is there any bonus for first bank investors?how can i engage in online transaction of shares without much running around?
@ NWANGWA ORJI CHIMAOBI, First bank is proposing 1 for 6 bonus. Register closes on Monday, 20th July 2009.
For online trading; enquire from your broker to what extent they support online operations. Full 100% online service is not yet possible in Nigeria since most brokers in-house software cannot directly connect to the NSE’s ATS.
can i get a list of bonuses declared this year, list the stocks that declare bonus.
thanks for your anticicpation.
I bought my own firstbank share on January 2009.am i entitled to the current bonus and dividend.Thanks in anticipation.
@ Adebayo, work in progress.
@ Okafor, yes you are entitled to the bonus.
PLEASE WHAT ABOUT ORIENT PETROLEUM REFINERY PRIVATE PLACEMENT. IS THE COMPANY STILL MOVING…?
pls update me on union bank shares.Any bonus or dividend warrant,tanx. Magnus
@ Magnus, Union bank did not give bonus . However, the company announced a dividend of N1 per share with payment date fixed at 3rd December, 2008
Plz i want to know if national sports lotto company have paid out their dividend and bonus to their shareholders for the first time.
when will these banks:- union bank, phb,and skye bank open thier registries and ifthey have what is thier bonus and dividends like thanks
Did Skye bank declear any bonus, dividend or both??
Pls,i want to know when any banks we start selling their shares.THANKS
pls tell more abt union bank shares
bro what about conoil any dividend payout the year ending of 2008,their payout months is usually september what`s delaying any hope this year.thanks and GOD bless u awaiting ur reply
the 1 to 10 bonus declared by oceanic bank,does it still stand?
pls, i want to buy AP share, it is ok, i need your advice.