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49 listed companies paid dividends in 2013 – NSE

By on September 17, 2013

Only 49 out of about 185 companies quoted on the bourse have so far declared dividend payment to their numerous shareholders for the 2012 financial year, a source at the Nigerian Stock Exchange, NSE, has revealed.

A breakdown of the companies, according to the data obtained from the Exchange showed that eleven financial institutions listed on the equities market paid dividend.

Six are from food production while building materials section have five.

Furthermore, three companies each from beverages, petroleum products distributors and pharmaceuticals have paid dividend.

It was further gathered that two companies each from transport related services, insurance, Infrastructure/Heavy Construction and agriculture sectors have declared dividend.

Also, one company each from household durables, micro-finance bank, computer based systems, real estate developer and metals have paid dividend.

Other sectors with one company each include chemical; integrated oil and gas services; courier delivery; printing/ publishing and road transportation.

The eleven financial institutions that paid dividend included Access bank Plc with N0.60k dividend Ecobank Transnational bank also paid N0.63k while Fidelity bank and Guaranty Trust bank paid N0.21k and N1.30k respectively.

Skyebank final payment was N0.50k while Sterling bank paid N0.20k.

Others are U.B.A Plc with N0.50k; Zenith bank also gave out N1.60k, while FBN Holding Plc, Stanbic IBTC Holding and Sim capital alliance paid N1.00, N7.59k and N0.10k respectively.

Six food producing companies that also paid dividend included: Dangote Sugar refineries with N0.50k, Flour Mills Nigeria Plc paid N0.15k and Northern Nigeria Flour Mills Plc which paid N0.40k.

Companies that paid dividend in the food producing comprises of National Salt Company with N0.90k, Cadbury Nigeria Plc which paid N0.50k and Nestle Nigeria Plc with N18.50k dividend.

From the building materials are: Ashaka Cement Plc with N0.42k, Berger Paints Plc and Cap Plc paid N0.70k each while Dangote Cement Plc and Lafarge Wapco Plc paid their shareholders N3.00 and N1.20k each.

From the petroleum sector, Mobil Oil Nig. Plc paid N5.00, MRS Oil with N0.23k and Total Nig. Plc with N8.00 dividend.

In the pharmaceutical sector, Evans Medical Plc paid the lowest with N0.05k, Fidson Healthcare Plc paid N0.12k while Glaxo Smithklime Consumer Nig. Plc with the highest payment of N1.30k.