MTNN Proposes N203.55bn Final Dividend To Shareholder At N10/Share (2024)

FAQs

MTNN Proposes N203.55bn Final Dividend To Shareholder At N10/Share? ›

MTN Nigeria Communications (MTNN) Plc, has paid a final dividend payment of N10. 00 per two kobo ordinary shares to shareholders for the year ended December 31, 2022. The shareholders gave their approval to the proposed dividend at the Company's fourth Annual General Meeting (AGM) held recently.

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.

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.

A final dividend can be a set amount that is paid quarterly (the most common course), semiannually, or yearly. It is the percentage of earnings that is paid out after the company pays for capital expenditures and working capital. The dividend policy chosen is dependent on the discretion of the board of directors.

If your bank mandate is registered with the registrar then the dividend amount will be automatically credited to your bank account. If you are holding physical shares or if your bank mandate is not registered then your dividend cheque will be mailed to you at your registered address.

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The dividend declared by a company is paid to the shareholders in either of the following two ways: Through the National Electronic Clearing Service (NECS), also called the ECS. By mailing the dividend warrants to the physical address of the investor.

The pay date for the dividend may be up to one month after the ex-dividend date passes. When the payment date arrives, the company will usually issue the payment to the broker serving the stockholder instead of the shareholder directly.

Dividing the stock's annual dividend amount by its current share price allows you to calculate a stock's dividend yield. For example, if a stock is trading at $50 per share, and the company pays a quarterly dividend of 20 cents per share. That company's dividend would be 80 cents.

The ex-dividend date is the first day the stock trades without its dividend, thus ex-dividend. If you want to get the dividend payment, you need to own the stock by this day. That means you have to buy before the end of the day before the ex-dividend date to get the next dividend. In other words, it's the cut-off date.

Who is eligible for final dividend? ›

A final dividend is the annual dividend paid to shareholders by a company during a financial year. It is declared after the company's annual financial statements are approved at the annual general meeting.

An interim dividend is a dividend that is paid by a company to its shareholders during the financial year, while a final dividend is a dividend that is paid at the end of the financial year.

The main difference between a proposed dividend and dividend payable is that the proposed dividend is a pre-intended suggestion by the company's board at the Annual General Meeting. In contrast, the dividend payable is the final dividend the shareholders decide, typically based on a one-vote-per-share basis.

It is far more common for dividends to be paid quarterly or annually, but some stocks and other types of investments pay dividends monthly to their shareholders. Only about 50 public companies pay dividends monthly out of some 3,000 that pay dividends on a regular basis.

The decision to waive the dividend is up to the individual shareholder but the decision still shouldn't be taken lightly. Talk to your accountant or financial advisor if you feel that it's something you want to explore in the future and they may be able to offer further advice and alternatives.

They're paid out of the earnings and profits of the corporation. Dividends can be classified either as ordinary or qualified. Whereas ordinary dividends are taxable as ordinary income, qualified dividends that meet certain requirements are taxed at lower capital gain rates.

MTN Group Ltd has maintained a consistent dividend payment record since 2022.