Thursday, September 10, 2015/ 7.20am / The Nigerian Investor,firstname.lastname@example.org
Dividend payment by quoted firms remain one key attraction for various investors as return on investment is a top priority and serves as a guide before relevant investment decisions are taken.
While the Nigerian Stock Market has continued to trade in the red zone in terms of YTD performance for most days so far in 2015, a few Nigerian listed firms have continued to declare dividends. The key market indicator, NSE ASI, currently records -15.01% YTD losses as at 9th Sept, 2015.
As at 4th September, 2015, 92 corporate actions have been announced in the market covering both final and interim. 84 quoted companies have announced dividends declared with 8 being on interim payments while 9 of them declared bonus issues.
The financial services sector dominated the list with 32 corporate actions, while Consumer Goods followed closely with 15 corporate actions. Industrial Goods and Services sector recorded 10 and 9 representations respectively as Natural Resources and Construction/Real Estates sectors have the least with 2 each
Out of the 32 corporate actions declared from the financial services sector, 17 are from the banking sub-sectors, while the insurance sub-sector has 9 representations
The Market from the Investors Perspective
In this edition of #TheNigerianInvestor, we conduct our regular market round-up of innovations, activities, developments, AGM’s, market news, corporate actions, company appointments, announcements as well as updates from market regulators.