Investors who own shares in MTN Nigeria, should expect their dividend payments to hit their accounts today, provided they have filled the electronic dividend mandate with the registrar, United Securities.
This follows the ratification of the proposed dividend payment at the Annual General Meeting of MTN Nigeria Communications PLC held on Friday 15th May 2020 at the Rooftop Event Hall, MTN Plaza, Falomo, Ikoyi, Lagos.
At the AGM members of the Company resolved that:
1) The Annual Financial Statements for the Year ended 31st December 2019 together with the Reports of the Directors, Auditors and Audit Committee as laid before Members at this Annual General meeting; be received and adopted.
2) A dividend payment in the total sum of N101,161,929, 858.50 (One hundred and one billion one hundred and sixty one million nine hundred and twenty nine thousand eight hundred and fifty eight Naira fifty Kobo which translates to N4.97 per every 2 kobo ordinary share; to shareholders whose names appear in the Company’s Register of Members at the close of business on Friday, April 17, 2020 (bringing total dividend for the year ended December 31, 2019 to N7.92), subject to withholding tax, be and is hereby approved.