MTN Group Limited announced that a gross final dividend of 330 cents per share (2021: 300 cents per share) for the period to 31 December 2022 has been declared and will be paid out of revenue reserves. First trading day ex dividend is 4 April 2023. Record date is 6 April 2023 and Payment date is 11 April 2023.
MTN Group Limited is one of the leading South African mobile telecommunication operators. Net sales break down by activity as follows: - mobile telecommunication services (92%);- sale of cell phones and accessories (5.4%);- other (2.6%).Net sales are distributed geographically as follows: South Africa (26.7%), Nigeria (33.1%), Ghana (10.6%), Côte d'Ivoire (4.9%), Uganda (4.7%), Cameroon (4%), Sudan (1.2%) and other (14.8%).
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MTN Group Limited Overview:
MTN Group Limited is a prominent South African mobile telecommunication operator.
Net sales breakdown:
Mobile telecommunication services: 92%
Sale of cell phones and accessories: 5.4%
Other: 2.6%
Geographical distribution of net sales:
South Africa: 26.7%
Nigeria: 33.1%
Ghana: 10.6%
Côte d'Ivoire: 4.9%
Uganda: 4.7%
Cameroon: 4%
Sudan: 1.2%
Other: 14.8%
Financial Information:
MTN Group announced a gross final dividend of 330 cents per share for the period to 31 December 2022.
Dividend details:
First trading day ex-dividend: 4 April 2023
Record date: 6 April 2023
Payment date: 11 April 2023
Market performance:
5-day change: -1.81%
1st Jan change: -5.53%
January 18, 2024: -8.48%
Recent News and Events:
Nigeria-based IHS settled with the second-largest shareholder Wendel on Jan. 16.
Safaricom's struggles in Ethiopia affected potential telecoms investors on Dec. 19.
MTN South Africa announced postpaid price increases for February 2024 on Dec. 14.
Various executive changes were announced on Dec. 6.
Market Position and Analyst Ratings:
MTN Group Limited is a major player in the wireless telecommunications sector.
Analysts' consensus suggests an OUTPERFORM rating.
Average target price: 139.7 ZAR, indicating a potential spread of +31.78%.
Industry Comparison:
MTN Group Limited's 1st Jan change: -8.48%
Comparison with other wireless telecom companies.
This comprehensive overview provides insights into MTN Group Limited's financial performance, recent developments, and market position, offering a holistic understanding of the company's current standing. If you have specific questions or need further details on any aspect, feel free to ask.
The AGM approved a final dividend payment of N10.00 per 2 kobo ordinary shares (subject to necessary deduction of withholding tax) to shareholders whose names appear in the Company's Register of Members by the close of business on March 27, 2023.
If funds remain, the MTN Zakhele Futhi Board has a discretion to pay up to 20% of the total dividend received from MTN (less the above amounts which have been paid or provided for operational fees, costs and expenses and tax liabilities) as a dividend to MTN Zakhele Futhi Shareholders, subject to MTN's discretion.
Dividends are typically issued quarterly but can also be disbursed monthly or annually. Distributions are announced in advance and determined by the company's board of directors. Companies pay dividends for a variety of reasons, most often to show their financial stability and to keep or attract investors.
The process of claiming your MTN shares is simple and straightforward. You can claim your dividends via the MTN website – www.mtn.ng.On the drop-down menu titled 'Investors' tab, click 'Shareholders'.Scroll down to 'Unclaimed Dividends' and follow the prompt.
we find that MTN Group's ratio of 7.39x is below its peer average of 9.53x, which indicates the stock is trading at a lower price compared to the Wireless Telecom industry. Another thing to keep in mind is that MTN Group's share price is quite stable relative to the rest of the market, as indicated by its low beta.
MTN shareholders whose names appeared in the Company's Register of Members are also entitled to the final dividend of N10. 00 per 2 kobo ordinary shares (subject to necessary deduction of withholding tax) paid on March 27, 2023.
In the current month, MTN has received 6 Buy Ratings, 9 Hold Ratings, and 3 Sell Ratings. MTN average Analyst price target in the past 3 months is $246.63.
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