The Board of Directors of MTN Nigeria Communications Plc (NGX: MTNN) has proposed a final dividend of N8.57 per 2 kobo ordinary share, subject to appropriate withholding tax, for the period ended 31 December 2021.
The qualification date for the dividend is 6 April 2022, while the payment date is 28 April 2022.
If approved, the dividend which amounts to N174.44 billion will be paid electronically to qualified shareholders who have completed the e-dividend registration and mandated the Registrar to pay their dividends directly into their Bank accounts.
This brings the total dividend for the year to N13.12 kobo per share, representing an increase of 39.6%. The telecommunication giant paid an interim dividend of N4.55 for the period ended 30 June 2021.
MTNN has 20,354,513,050 outstanding shares, and a market capitalization of N 3,867,357,479,500.
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- List of Dividends announced in 2021, qualification and payment dates
Shareholders who are yet to complete the e-dividend registration are advised to download the Registrar’s E-Dividend Mandate Activation Form, complete and submit to the Registrar or their respective Banks.
The company’s registrar is Coronation Registrars Ltd. The e-dividend mandate form can be downloaded or filled online on the registrar’s website or the Securities and Exchange Commission (SEC) website.
The Registrar’s address is 10, Amodu Ojikutu Street, Victoria Island, Lagos, Nigeria. Tel.: 012272570, email: customercare@coronationregistrars.com
MTN Nigeria Communications Plc recorded a 22.9% increase in total revenue year or-year for the year ended 31 December 2021, according to the financial statements released by the company.
The proposed final dividend represents 58.4% of the company’s profit after tax for the period.
On Friday, MTNN shares closed flat at N190.00 per share. YTD the share price is up by 4.40%.
Ifunanya Ikueze is an Engineer, Safety Professional, Writer, Investor, Entrepreneur and Educator.
