By Peter OBIORA InvestAdvocate
Lagos (INVESTADVOCATE)-MRS Oil Nigeria Plc, operating in the petroleum marketing Sector of the Nigerian Stock Exchange (NSE) is the still the highest paying dividend stock on the Nigerian Stock Exchange (NSE) in 2012/’13 financial year ends with N24.34 Kobo.
The lists shows that 73 companies out of 185 quoted firms has declared dividends on the Nigerian Bourse for the 2012/’13 financial year ends, according to the NSE’s Corporate Action last updated Tuesday November 2013, MRS Oil emerged the highest with N24.34 Kobo dividend to investors of the company.
Nestle Nigeria Plc, operating in the Food and Beverage Sector of the NSE emerged the second highest paying dividend firm in 2012/’13 year end with N18.50 Kobo, FBN heritage Fund came third with N10.00, Guinness Nigeria Plc and the Okomu Oil Palm Company Plc emerging fourth respectively with N7.00, Mobil Oil Nigeria Plc and Skye Shelter Fund are fifth with N5.00 dividend respectively.
Others are Nigerian Breweries Plc (NB Plc) and Dangote Cement Plc paying N3.00, while Julius Berger Nigeria Plc and Seven Up Bottling Company Plc paid N2.50 Kobo and N2.20 Kobo respectively. While Flour Mills of Nigeria Plc paid N2.00 and Total Nigeria Plc declared an interim dividend of N2.00 in the review period.
Others are Zenith Bank Plc, UAC of Nigeria Plc paying N1.60 Kobo respectively; while Unilever Nigeria Plc paid N1.40 Kobo, Guaranty Trust Bank Plc (GTBank) N1.30 Kobo, CAP Plc N1.25 Kobo interim dividend, Lafarge Cement Wapco Nigeria Plc N1.20 Kobo, Presco Plc FBN Holdings Plc and Conoil Plc paid N1.00 respectively
With these figures, MRS Oil emerged the highest paying dividend company listed on the Nigeria Bourse with N24.34 Kobo, while 22 other firms paid dividend both final and interim in Naira terms, the other 50 quoted companies paid their dividend in Kobo terms.
