By Chinwendu Obienyi
Investors in the Nigerian Capital Market (NCM) have earned over N900 billion from dividend payouts by companies listed on the Nigerian Exchange Limited (NGX) year-to-date (YTD).
This was even as Dangote Cement, MTN Nigeria and eight others emerged as the highest companies in terms of total dividends paid, while Nestlé, Total Energies Plc and eight others emerged highest in terms of dividends paid by stock.
Paying dividends is one of the few ways investors can earn a steady stream of income. It is also the main reason why shareholders keep their shares in a company.
Hence, it brings great satisfaction to investors when these companies declare dividends to their shareholders.
According to a document obtained from the NGX, 57 companies from 10 sectors of NGX-listed companies have so far paid N1.118 trillion. Data showed that 22 firms emerged from the financial services sector, nine firms emerged from consumer goods and four emerged from industrial goods.
In addition, four companies emerged from the healthcare sector, three companies emerged each from the oil and gas sector and the ICT sector, two companies emerged each from the conglomerate, agriculture and construction sector while that a company has emerged from the natural resources sector.