Telco giant MTN Nigeria Communications PLC (MTNN), whose revenue touched a new high of N1.346 trillion in 2020, has announced a final dividend of N5.90 per share translating to a payout of N120.092 billion.
It declared a N3.50 per share interim dividend in June, which brings its total dividend for 2020 to N9.40 per share or N191.332 billion altogether. MTNN paid shareholders N7.92 per share for 2019.
The dividend is ‘subject to appropriate deduction of withholding tax and will be paid to shareholders whose names appear in the register of members as at the close of business on May 24, 2021,’ MTNN said in a note to the Nigerian Stock Exchange on Monday, obtained by PREMIUM TIMES.
The register of shareholders will be closed on March 5, preparatory to dividend payment on May 26.
Investors desiring to benefit from the incentive must own MTNN share ahead of the qualification date, which is May 4.
Meanwhile, the telco will hold its annual general meeting on May 25, where shareholders will vote to approve its earnings report.
MTNN shares closed trade in Lagos on Monday at N174, recording no change.
Support PREMIUM TIMES' journalism of integrity and credibility
Good journalism costs a lot of money. Yet only good journalism can ensure the possibility of a good society, an accountable democracy, and a transparent government.
For continued free access to the best investigative journalism in the country we ask you to consider making a modest support to this noble endeavour.
By contributing to PREMIUM TIMES, you are helping to sustain a journalism of relevance and ensuring it remains free and available to all.
TEXT AD: To advertise here . Call Willie +2347088095401...