SIAML Pension ETF 40 has announced an interim dividend of ₦12.44 for every unit, subject to appropriate withholding tax and approval.
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Stanbic IBTC Asset Management made the disclosure in a Corporate Actions Announcement released on Friday on the Nigerian Exchange Limited.
On 20 August 2025, dividends will be paid electronically to Unitholders whose names appear on the Register of Members as of 14 August 2025 and who have completed the e-dividend registration and mandated the Registrar to pay their dividends directly into their Bank accounts.
Unitholders who are yet to complete the e-dividend registration are advised to download the Registrar’s E-Dividend Mandate Activation Form, which is also available on the website of the Registrars: www.firstregistrarsnigeria.com complete and submit to the Registrar or their respective Banks.
Stanbic IBTC Asset Management is a subsidiary of STANBIC IBTC Holdings Plc (NGX: STANBIC).
SIAML Pension ETF 40, a product of Stanbic IBTC Asset Management, aims to replicate, as closely as possible, the total return of the Nigerian Exchange Limited (NGX) Pension Index. The Pension Index tracks the top 40 companies on the NGX in terms of market capitalization, liquidity, and Pension Funds Administration investment eligibility.
The SIAML Pension ETF 40 was launched in January 2017. The ET invests 100% of its portfolio in equities. Units of the Fund are traded on the floor of the Nigeria Exchange with ticker symbol SIAMLETF40.
At the end of trading on Friday, the unit price rose by 5.18% to close at ₦465.85. This puts the interim dividend yield at 2.67%. The 52-week low price for the unit is ₦265.00, while the 52-week high price is ₦1,079.00.
Nnamdi Maduakor is a Writer, Investor and Entrepreneur
