Totalenergies Marketing Nigeria Plc (NGX: TOTAL) has declared a final dividend of ₦25.00 per 50 kobo ordinary share for the period ended 31st December, 2023. The company paid a total dividend of ₦25.00 for the 2022 final year, which comprised of ₦4.00 interim dividend and ₦21.00 final dividend.
Also read; List of Dividends announced in 2024, qualification and payment dates
The board of directors of the company met and approved the dividend proposal at its meeting held on 22nd March, 2024. No interim dividend was paid during the year.
The dividend is subject to appropriate withholding tax and approval of shareholders at the next Annual General Meeting.
At the end of trading on Monday, the share price of TOTAL stood at ₦346.50, thus putting its dividend yield at 7.21%.
Shareholders whose names appear in the Register of Members as at the close of business on the 23rd of April, 2024 will qualify for the dividend.
On the 24th of June, 2024, dividends will be paid electronically to shareholders whose names appear on the Register of Members as at 23rd of April, 2024. and who have completed the e-dividend registration and mandated the Registrar to pay their dividends directly into their Bank accounts.
Shareholders 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 our Registrars
website: https://cardinalstoneregistrars.com/wp-content/uploads/2017/11/EDMMS-UploadForm.pdf complete and submit to the Registrar or their respective Banks.
The Company’s Annual General Meeting will hold at The Grand Banquet Hall, The Civic Centre, Ozumba Mbadiwe Street, Victoria Island, Lagos, on Friday 21st June, 2024 at 10.30 a.m.
Totalenergies posted a profit of ₦12.91 billion for the period ended 31st December, 2023 (2022: ₦16.11 billion).
About the company
Totalenergies Marketing Nigeria Plc was incorporated as a private limited liability company in 1956 and was converted to a public company in 1978. The merger of the Company with Elf Oil Nigeria Limited which commenced globally in November 1999 was completed in Nigeria in 2002.
With this development, the authorised, issued and fully paid share capital was ₦148,541,000 made up of 297,082,000 ordinary shares of 50k each. In 2003, to mark the completion of its corporate mergers, Total Group worldwide reverted to its former name Total and adopted a new logo with a unifying design to express its corporate ambition.
With the capitalization of the bonus issue of 42,440,228 ordinary shares of 50k each in March 2004, the authorised share capital became ₦169,760,918 made up of 339,521,837 ordinary shares of 50k each. 61.72% of the Company’s ordinary shares were held by Total Societe Anonyme up until 2013 when a restructuring was concluded and Total Raffinage Marketing became the shareholders of 61.72% of Total Nigeria Plc (now TotalEnergies Marketing Nigeria Plc) while the remaining 38.28% are held by some members of the general public. Total Raffinage Marketing is now called TotalEnergies Marketing Services.
In 2021, Total Group worldwide changed its name to TotalEnergies and adopted a new logo, thereby anchoring the transformation into a broad energy business within the Company’s identity. Accordingly, the Company changed its name from Total Nigeria Plc to TotalEnergies Marketing Nigeria Plc in the same year.
Nnamdi Maduakor is a Writer, Investor and Entrepreneur