The Board of Directors of MTN Nigeria Communications Plc (NGX: MTNN) has approved an interim dividend of N4.55 per 2 kobo ordinary share, subject to appropriate withholding tax, for the period ended 30 June 2021.
The qualification date for the dividend is August 19, 2021, while the payment date is August 27, 2021.
If approved, the dividend which amounts to N92,613,034,377.5 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.
MTNN has 20,354,513,050 outstanding shares, and a market capitalization of N3,358,494,653,250. The second most capitalized company on the Nigerian Exchange, behind Dangote Cement Plc.
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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: email@example.com
In the first half of the year ended 30 June 2021, MTN Nigeria Communications Plc reported a 24.0% growth in revenue to N791.26 billion from N636.99 billion.
The profit after tax rose by 49.5% to N141.83 billion from N94.88 billion in H1 2020. The earnings per share stood at N6.97
The proposed dividend represents 65.3% of the company’s profit after tax for the period.
On Friday, MTNN shares gained 0.55% to close at N165.00 per share. YTD the share price is down by 2.88%.
Ifunanya Ikueze is an Engineer, Safety Professional, Writer, Investor, Entrepreneur and Educator.