Banks, Others Pay N578.114bn Dividends To Shareholders

A total of N578.114bn dividends has so far been declared for payment to shareholders by companies that have held their Annual General Meetings for the 2018 financial year. 

According to the latest data obtained from the Nigerian Stock Exchange by our correspondent, Dangote Cement Plc paid the highest dividend of N16 per share, which translated to N272.640bn.

Guaranty Trust Bank Plc paid N80.84bn dividend, Zenith Bank Plc paid a total of N78.491bn dividend, Nestlé Nigeria Plc paid N30.517bn, Access Bank Plc paid N17.772bn and Stanbic IBTC Holdings Plc paid N15.361bn. Nigerian Breweries Plc, Dangote Sugar Refinery Plc, Seplat Petroleum Development Company Plc, FBN Holdings, Cement Company of Northern Nigeria Plc, Total Nigeria Plc, Fidelity Bank Plc, 11 Plc and Okomu Oil Palm Plc paid N14.634bn, N13.212bn, N10.641, N9.333bn, N5.257bn, N4.753bn, N3.187bn, N2.975bn and N2.862bn, respectively.

(Punch)