These Companies will be paying dividends this week

Must Read

FG, States, LGAs share N528.39bn FAAC allocation in Jan 2021

The Federation Account Allocation Committee (FAAC) disbursed the sum of N619.34bn to the three tiers of government in December...

How To Block Your Bank Account And SIM Card In Case Of Emergency

Losing your phone and wallet or having them stolen can be very frustrating. However, in case that happens to...

List of United Bank for Africa (UBA) Sort Codes & Branches (with addresses) in Nigeria

The sort code is a number that usually identifies both the bank and the branch where an account is held. The sort...
- Advertisement -

The following stocks will be paying a dividend and closing their shareholders this week.

Custodian and Allied Insurance

Custodian and Allied Insurance will be paying an interim dividend of 5 kobo per share. Payment date is 5th of September. Custodian shares closed at N3.60 on Friday’s trading session, down 7.46% year to date.

GT Bank

GT Bank will be paying an interim dividend of 30 kobo per share. Payment date is 5th of September. GT shares closed at N39.19 on Friday’s trading session on the NSE, up 58.66% year to date.

Redstar Plc

Redstar Plc will be paying a full year dividend of 40 kobo per share. Payment date is 7th of September 2017. Redstar shares closed at N4.38 on Friday’s trading session down 0.45% yer to date.

Access Bank

- Advertisement -

Access bank will be closing its register of shareholders on the 7th Of September 2017. Access bank shares closed up at N9.67 in Friday’s trading session up 64.74% year to date.

University Press Plc

University Press Plc will be closing its register between 4th-8th of September 2017. University Press closed at N2.80 on Friday’s trading session, down 33% year to date.

Stanbic Ibtc

Stanbic Ibtc will be closing its register of shareholders on the 7th of September 2017. Stanbic shares closed at N38.27 in Friday’s trading session up 155.13%

What does closure of register mean?

Closure of register is the period when a company updates its shareholder records usually for the purpose of paying a dividend or issuing a bonus. Investors who hold a stock before or after the period set aside for the closure of a register will not qualify for the dividend or bonus. The price of a stock tends to rise as the closure period draws near, and falls after the period as the stock is marked down.

Read Also:  THERE ARE NO MORE SAUSAGES IN GALA: and other modern day economic grumble

Marking down of a stock

- Advertisement -

After dividends are paid, the price of a stock is marked down. Marked down means the dividend is subtracted from the share price. Investors who buy a stock after it has been marked down will not be paid dividends. Investors who purchase a stock for capital gains, prefer to sell a stock before it is marked down for dividends.

Relationship between share price and dividend

The relationship between the share price of a stock and dividend is measured using dividend yield. Dividend yield is the dividend per share divided by the current price per share. Dividend yield is of importance to investors because it is used to calculate how well a stock is performing, in compared with returns on risk free assets such as a government bond. The current yield of a stock is always changing due to movements in the share price.

Read Also:  GTBank Rallies Support for Children With Autism… Holds 8th Annual Autism Conference July 17-18

Dividend yield is often used as a valuation method among investors whose primary reasons for holding a stock is for dividend income. An increase in the share price of a stock, leads to a fall in dividend yield.

 

- Advertisement -

SOURCE: Nairametrics

- Advertisement -
These Companies will be paying dividends this week - Brand SpurThese Companies will be paying dividends this week - Brand Spur

Subscribe to BrandSpur Ng

Subscribe for latest updates. Signup to best of brands and business news, informed analysis and opinions among others that can propel you, your business or brand to greater heights.

- Advertisement -

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

These Companies will be paying dividends this week - Brand SpurThese Companies will be paying dividends this week - Brand Spur

Latest News

World Press Trends Outlook: Digital Transformation In The Driver’s Seat

One of the many silver linings of the pandemic for publishers has been the ability of their organizations to...
- Advertisement -
BrandsPur Weekly Cartoons
- Advertisement -These Companies will be paying dividends this week - Brand SpurThese Companies will be paying dividends this week - Brand Spur