Lists of dividend paying stocks so far in 2017

 

Nigerian firms have continued to pay dividend to shareholders from sizable cash flow in spite of a tough and unpredictable macroeconomic environment.

In finance theory, investors perceive a dividend paying stock as one that has strong financial health and a steady income stream.

As financial statement keeps pouring in and companies are making good their oath to shareholders, we have decided to give a list of stocks that will pay dividend.

The board of Zenith Bank Plc, Nigeria’s second largest lender by market value, declared a dividend of N1.77 for the 2016 financial year, a 14.19 percent from N1.55 as at December 2015. This is in addition to the N0.25 interim dividend.

The bank’s net income rose by 24.78 percent to N156.74 billion, according to the 2016 financial statement.

Dividend yield (DY) stood at 14.08 percent as of 2:00 pm Friday. Share price closed at N14.30 while market capitalization was N450.54 billion.
The Board of Dangote cement approved a final dividend of N8.50, which translates into a dividend yield of 5.54 percent while stock price closed at N160, valuing the company at N2.73 trillion. Full year 2016 net income was up 2.92 percent as rising production costs squeezed margins.
Nigerian Breweries Plc said it would give a dividend N3.58 to shareholders, implying a dividend yield of 2.80, based on a share price of N128.80.

The company’s net income dropped by 25.80 percent to N28.41 billion in the period under review, raising concerns about the effects of devaluation on margins.

 

BALA AUGIE