One way that investors profit from owning stocks apart from capital gains (when the stock price goes up) is through dividends.
A number of stocks which can be bought on the Nigerian exchange group (NGX) have announced dividend payments.
They include :
- Seplat Energy (SEPLAT)announced that they will be giving their investors as of May 5th (qualifying date) a final dividend payment of $0.025. Payment will be made on May 25th.
- National Salt Co. Plc. (NASCON)announced that they will be giving their investors as of May 5th (qualifying date) a final dividend per share of N0.4. Payment will be made on June 6th.
- NEM Insurance Plc. (NEM)will be giving their investors as of April 9th (qualifying date) a final dividend per share of N0.22. Payment will be made on May 19th.
- AIICO Insurance Plc. (AIICO)announced that they will be giving their investors as of May 20th (qualifying date) a final dividend per share of N0.02 and a bonus of 12 shares for every 9 shares held. Payment will be made on May 30th.
- Jaiz Bank Plc. (JAIZBANK)announced that they will be giving their investors as of May 26th (qualifying date) a final dividend per share of N0.04/share. Payment will be made on June 8th.
- Sterling Bank Plc. (STERLNBANK)announced that they will be giving their investors as of May 27th qualifying date) a final dividend per share of N0.1. Payment will be made on June 16th.
- Dangote Cement (DANGOTECEM)announced that they will be giving their investors as of May 30th (qualifying date) a final dividend per share of N20. Payment will be made on June 15th.
- Dangote Sugar (DANGOTESUGAR)announced that they will be giving their investors as of June 1st (qualifying date) a final dividend per share of N1.0. Payment will be made on June 16th.
- BUA Cement Plc. (BUACEMENT)announced that they will be giving their investors as of July 8th (qualifying date) a final dividend per share of N2.6. Payment will be made on July 21st.
- Beta Glass Plc. (BETAGLAS)announced that they will be giving their investors as of June 10th (qualifying date) a final dividend payment of N1.1/share and a bonus of 1 extra share for every 5 shares held. Payment will be made on July 5th.
Invstors can buy shares from brokerage firms like Chaka or Meristem.