Shareholders in MTN Nigeria Communications are to be paid N9.40 final dividend per share to share for the year ended December 31, 2020.dividend represents 18.7 per cent increase from 2019.
MTN Nigeria’s Chairman, Mr Ernest Ndukwe, said “Despite the challenging operating conditions during the year, I am happy to report that our company recorded improved performance across all key metrics, creating the shareholder value achieved. This performance demonstrates the success of cost optimisation measures initiated during the year, the strong operational execution of our people and resilience in our business.
“Following from our good operating results and in line with our dividend policy, the Board has recommended a final dividend of N5.90 per share to be paid out of distributable net income. This brings the total dividend for the year to N9.40 kobo per share, representing an increase of 18.7 per cent.’’
The dividend was billed for payment on June 8, 2021 at the rate of N5.90 per every 2 kobo ordinary shares and subject to appropriate withholding tax to shareholders whose names appear in the company’s Register of Members at the close of business on May 4, 2021.
Earlier in the fiscal year, the firm, which joined the Nigerian Stock Exchange (NSE) in May 2019, had paid an interim dividend of N3.50, which brings the total dividend for the year ended December 31, 2020 to N9.40.
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