The equity prices of four listed companies on the Nigeria Exchange were today adjusted for dividends as recommended by the Board of Directors of each company.
The four companies are Consolidated Hallmark Insurance Plc, Flour Mills of Nigeria Plc, Meyer Plc and Total Nigeria Plc.
The share price of Consolidated Hallmark Insurance Plc (NGX: CHIPLC) equity price was adjusted for a 2 kobo interim dividend to N0.51 per share from N0.53 it closed on Friday.
Flour Mills of Nigeria Plc (NGX: FLOURMILL) share price was adjusted for a final dividend of N1.65 to N28.80 from N30.45 per share it closed on Friday.
Meyer Plc share price was adjusted for a special dividend of N1.5 to the floor price of N0.2 from N0.59 per share it closed on Friday. The company said the special dividend which is more than double the share price is part of proceeds from the disposal of assets.
The equity price of Meyer Plc was stopped at N0.20 to conform with NGX’s lowest possible price of N0.20 per share.
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Total Nigeria Plc equity price was adjusted for N4.00 interim dividend to N199.2 from N203.20 per share it closed on Friday.
Investors are queuing to buy Meyer Plc following the price adjustment, however, the shareholders are not willing to sell as no single unit of stock has been traded at the time of this report.
Ifunanya Ikueze is an Engineer, Safety Professional, Writer, Investor, Entrepreneur and Educator.
