Dividend

The Nigerian National Petroleum Company Limited (NNPCL) has given reasons behind the payment of an interim dividend of N123 billion to the Federation Account Allocation Committee (FAAC) for the month of June. The News Agency of Nigeria (NAN) reports that FAAC had on Thursday shared N907 billion among the three tiers of government. From the money shared, NNPCL contributed N81 billion as a monthly interim dividend and N42 billion as 40 per cent oil Production Sharing Contract (PSC) profit totaling N123 billion. The…

Send your questions directly to Jim Cramer and his team of analysts at [email protected] . Reminder, we can't offer personal investing advice. We will only consider more general questions about the investment process or stocks in the portfolio or related industries. Question 1: What are your thoughts on the stability of FORD's dividend? Thank you, Denise The quickest way to determine the sustainability of a company's dividend is to consider it in relation to earnings and/or cash flow. The dividend payout…

Improve Article Save Article Like Article Improve Article Save Article Like Article Generally, the dividend is provided by the company to its shareholders in two ways, either in cash or in additional stock. Stock dividend is a distribution of additional shares of a company’s stock to existing shareholders whereas a stock split is done to divide the existing shares into multiple shares. Stock Dividend and Stock Split may sound similar but have completely different meanings.What is Stock Dividend?A stock dividend is a…

Paramount Global posted a steep loss in the first quarter, weighed down by nearly $1.7 billion in charges tied to its plan to remove certain programming as it combines its Showtime streaming service with its Paramount+ platform. The New York-based media company also slashed its dividend for the first time in over a decade as it continues to pour cash into its money-losing streaming division.  Paramount Global posted a steep loss in the first quarter, weighed down by nearly $1.7…

BUA Foods will pay shareholders a dividend per share of N4.50 translating to a payout of N81 billion for fiscal year 2022, the food company’s audited earnings report showed on Saturday. The planned dividend is subject to shareholders’ approval at the firm’s forthcoming annual general meeting. Similarly, appropriate withholding tax will be applied at payment. In 2021, the company paid a dividend of N3.50, with the payout totalling N63 billion. BUA Foods’ current cash plan followed a remarkable year marked by…

"The numbers speak for themselves. We are currently not performing the way we should", Adidas CEO Bjørn Gulden said in a press release.Jeremy Moeller / Contributor / Getty ImagesAdidas on Wednesday reported a big fourth-quarter loss and slashed its dividend after the costly termination of its partnership with Kanye West's Yeezy brand in October.The German sportswear giant posted a fourth-quarter operating loss of 724 million euros ( $763 million ) and a net loss from continuing operations of 482 million euros. The company…

HERZOGENAURACH, Germany—A slump in China and a $6 billion mountain of unsold products are among the challenges facing Adidas AG ADDYY -2.80% after a bruising 2022 in which it dumped its chief executive and ended a partnership with rapper Kanye West. The German sportswear giant’s revenues increased 6% last year to 22.5 billion euros, equivalent to $23.7 billion, while its net profit fell 83% to €254 million. For the fourth quarter,…

The Chairman of Vitafoam Nigeria Plc, Bamidele Makanjuola, has announced his retirement after ten years of service, in line with the company’s tenure policy. Mr Makanjuola made this known while addressing the company’s shareholders at its 61st Annual General Meeting (AGM) in Lagos on Thursday. He commended the company’s board, management and shareholders for their support throughout his tenure. He said that the company shall continue to post strong earnings and generate shareholder value, given its team of…

Intel is slashing its quarterly dividend by 66% as the chip maker attempts to rejuvenate sales in a market that where competition is increasing as some corporations and households cut back on tech spending. After posting a $664 million fourth-quarter loss last month and sticking by a pessimistic outlook from January, Intel said Wednesday that trimming its payout to shareholders will provide more flexibility as the company attempts to transform operations during a period of "macroeconomic uncertainty." Intel Corp. is…

Intel Corp. said it would cut its dividend to conserve cash as the chip maker tries to balance the financial impact of an aggressive expansion plan with the hit from a near-term demand slump. The payout reduction by two-thirds to 50 cents annually would help the company make investments to transform itself during the current period of economic uncertainty, Intel said. The company’s annual dividend hasn’t been that low since 2007, when it was 45 cents. Intel Corp. said it would cut…