These Companies will be paying dividends this week

Must Read

US $10.7m Amsalco Shopping Mall Breaks Ground in Kaduna

The mall dubbed ‘Amsalco Galaxy Mall’ is being constructed at the Murtala Muhammed Square in the heart of Kaduna...

Advancing Economic Growth in Africa; Tony Elumelu Meets with the Presidents of Congo DRC and Rwanda

As the number of African entrepreneurs continues to rise, governments have begun to develop programs and platforms conducive enough...

Performance of all PFAs in Nigeria for July 2019

Have you ever taken time to check out the Returns on Investment (ROI) of the funds in your Retirement...
- Advertisement -
- 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

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.

Read:  GTBank made N165bn profit in 2016 – Agbaje

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:  Mtv Shuga Season 6 Launches In Africa With Lagos Premiere

Marking down of a stock

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.

Read:  Tolaram Group to Expand Cereal Factory

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.

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.

 

SOURCE: Nairametrics

- Advertisement -

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.

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.

Latest News

3Line Set To Launch Cutting-Edge Retail Management Solution For SMEs

3Line Card Management, an innovative fintech company is set to launch an integrated retail management payment solution, Visum to the Nigerian market.The innovative payment...

Suntrust Bank Nigeria Celebrates 3rd Year Anniversary

They might not be able to blow their trumpet-like other banks in the country but Suntrust Bank Nigeria, will look back at its 3years...

NSE Donates Food Items, Beverages, Others To Mother Theresa Orphanage

The Nigerian Society of Engineers (NSE) Maitama Branch donated food items, beverages, soaps and toiletries, worth thousands of Naira to children and staff of...

Nigeria’s GDP could easily grow to $1trn by 2023 If we revive these 10 moribund industries

Nigeria’s GDP could easily grow to $1trn by 2023 If we revive these 10 moribund industries(1) Ajaokuta Steel MillNo nation can industrialise without steel....

More Articles Like This