18 Quoted Firms Declare N321billion Total Dividend

A total of 18 quoted firms on the the Nigerian Stock Exchange, NSE, have so far declared their 2015 financial year results, announcing N320.721 billion in dividends to their shareholders.

Dangote Cement Plc is to pay the larger amount of N136.324 billion representing 41.92 per cent of total dividend declared so far.

Dangote Cement Plc alone contributed N2.812 trillion or 31.81 per cent to the N8.839 trillion market capitalization of 190 equities quoted in the stock market due to large chunk of its shares outstanding.

Zenith Bank Plc also declared N48.665 billion out of after tax of N105.663 billion it made in 2015 to its shareholders, while

Guaranty Trust Bank Plc announced N44.735 billion dividend for the year ended December 31, 2015.

Other companies that declared dividend for 2015 year end are, Nigerian Breweries Plc with N28.545 billion, Nestle Nigeria Plc with N15.060 billion, UBA Plc with N14.512 billion, Lafarge Africa Plc with N13.665 billion, Access Bank Plc with N8.678 billion, Dangote Sugar with N6 billion, Forte Oil Plc with N4.494 billion and United Capital Plc with N2.100 billion.

Also, African Prudential Registrars Plc announced N860 million dividend payout to its shareholders, while Wapic Insurance declared N401.482 million dividend and Glaxosmithkline Plc to pay N358.763 million as dividend.

In the same vein, Ashaka Cement Plc declared N335.917 million dividend, while Vitafoam Plc, AXAMansard Insurance Plc and Grief Nigeria Plc also declared N245.700 million, N210 million and N25.584 million respectively.

More dividends are expected from many companies who are yet to announce their financial reports for 2015 period.