Stock Market Investors Earn N233 Billion in First Half of 2015

Investors in the Nigerian Stock Exchange have earned about N233.7 billion from dividend payments in the Nigerian bourse during the first half of 2015.

According to reports tendered to the NSE by 64 companies, 117 or over 65 per cent of the quoted companies have either not submitted any report at all or did not declare dividend during the period.

The leading company in the dividend payout record was Dangote Cement Plc which paid a total of N102 billion to its shareholders followed by Zenith Bank Plc which paid a total of N54.4 billion.

Also in the top five dividend pay-outs are GT Bank Plc, Transcorp Hotels Plc and Nestle Foods Plc which paid out N44.1 billion, N14.3billion and N13.9 billion respectively.

The dividend pay-outs were for the financial year ended December 2014 and just a few that either ended their full year in the first quarter 2015 or interim dividend from interim results of 2015 first quarter.

Market analysts have posited that trends in equity performance in the second half of the year would be driven majorly by half year financial statements of the companies even as windy macroeconomic outlook lingers.



This site uses Akismet to reduce spam. Learn how your comment data is processed.