MTN to pay shareholders N114 billion interim dividend
Telecommunications company MTN Nigeria will reward its shareholders with an interim dividend of N113. 98 billion translating to N5.60 kobo per 2 kobo ordinary share, the firm said in its report on Wednesday.
According to the operator’s unaudited profits, it generated N471 billion in revenue between January and April 2022, which represents an increase of more than a fifth over the amount realised from January through March of last year.
While mobile subscribers decreased slightly by 1.8%, active data users increased by 3.4 million to 35.9 million at the same time.
The company announced a final dividend of N8.57 per share, translating to N174.4 billion, in 2021.
It announced an interim dividend of N4.55 in July 2021, bringing its annual dividend per share to N13.12.
It said the new proposed dividend is subject to appropriate deduction of withholding tax and will be paid to shareholders whose names appear in the Register of Members by close of business on 18 August.
ALSO READ: MTN Nigeria to raise fresh debt of N200 billion for network expansion
Dividends will be paid electronically to shareholders on 26 August.
It advised shareholders who are yet to complete the e-dividend registration to download the Registrars E-Dividend Mandate Activation Form complete and submit to the Registrar or their respective Banks.
“Shareholders with unclaimed dividends are advised to complete the e-dividend registration or contact the Registrar,” it said.
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.
Donate
TEXT AD: Call Willie – +2348098788999
Telecommunications company MTN Nigeria will reward its shareholders with an interim dividend of N113. 98 billion translating to N5.60 kobo per 2 kobo ordinary share, the firm said in its report on Wednesday.
According to the operator’s unaudited profits, it generated N471 billion in revenue between January and April 2022, which represents an increase of more than a fifth over the amount realised from January through March of last year.
While mobile subscribers decreased slightly by 1.8%, active data users increased by 3.4 million to 35.9 million at the same time.
The company announced a final dividend of N8.57 per share, translating to N174.4 billion, in 2021.
It announced an interim dividend of N4.55 in July 2021, bringing its annual dividend per share to N13.12.
It said the new proposed dividend is subject to appropriate deduction of withholding tax and will be paid to shareholders whose names appear in the Register of Members by close of business on 18 August.
ALSO READ: MTN Nigeria to raise fresh debt of N200 billion for network expansion
Dividends will be paid electronically to shareholders on 26 August.
It advised shareholders who are yet to complete the e-dividend registration to download the Registrars E-Dividend Mandate Activation Form complete and submit to the Registrar or their respective Banks.
“Shareholders with unclaimed dividends are advised to complete the e-dividend registration or contact the Registrar,” it said.
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.
Donate
TEXT AD: Call Willie – +2348098788999
Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials, please contact us by email – [email protected]. The content will be deleted within 24 hours.