Justcul:


I never filled or submitted any e-dividend forms, yet, Cutix credited my account in the last dividend payout. I bought through Morgan Capital

The final destination of total automation of investors dividend payment started last year and it's Yielding fruits.
We are waiting for all registrars to comply.

Please If you have not submitted your update and kyc to your stockbroker do so otherwise you will not enjoy the service.

Also make sure the name arrangement on your BVN is the same as the name you opened your stockbroking account with.

Getting your dividend on company's payment date always feels good.

wuwu2:

PLS has NPF shares from last year issue being listed?

Yes. It was listed last Friday 1st April 2022

Olaide1295:

Meristem will be great if they can automate dividend payment.
They charge 500 Naira and I still have to fill forms before dividends are paid

If you go through my previous posts you will understand that I have always stated it here that whatever has to do with dividend collection or payment is not the job of a stockbroking firm. It's between the investor, the company and the registrars.
Registrars serves as the payment firm while the company is the source of the money.

To get your dividend, complete the mandate form and submit to your bank or the registrar.

However, for some broking firms, they add dividend collection processing to their additional services to customers which always comes with a cost.

Dum20:


Emma thanks,

I need more understanding.

But the minimium for Treasury Bills is 50 million but people are able to buy with even 500k.

Does it mean that people with N1 million will not be able to buy FGN bonds in the primary market as well as secondary market?

Yes when you go through investment house/financial institution you can buy with less than N50 million.

Dum20:
Hello Gurus in the house,

Please i need a confirmation on FGN Bonds in the secondary and primary market.

I went to my broker they said the FGN Bonds for secondary market the minimum amount they can subscribe is N5 Million. Same thing with primary market. I want to confirm if that is true.

Each stockbroking or investment firm have their minimum deposit required from prospective Bond investor. It differs from one firm to the other. If you are to subscribe directly at the primary market you need N50 million.

It's this amount ( N50m) involved that brought about FGN Savings bond which investors can subscribe with a minimum of 5k and maximum of N50 million because many Nigerians can't afford N50 million.

netzro:
Good evening fam

I want to move from Stanbic IBTC MMF to their Dollar fund, my question is the initial deposit of $1000 what rate will be used?

Can I effect the change directly on the app?

Any other advice.

Thanks

Going by regulatory procedures, all monies for a particular investment must be brought in with the same currency denomination of that investment, any other arrangement is peculiar to that investment house and you will need to engage them on that.

For Investment one, to invest in VDF - Vantage dollar fund, you must bring in your dollars by transfer. Naira is not accepted for dollar mutual fund and vice versa

CORPORATION ACTION AS REPORTED ON THE NGX FOR THE WEEK ENDED 01 04 2022

INFINITY TRUST MORTGAGE BANK PLC:

Proposed Dividend: ₦0.05
Proposed Bonus: null FOR null
Qualification Date: 4/22/2022
AGM Date: 5/12/2022
Payment Date: 5/19/2022
Closure of Register Date: 4/25/2022

NEM INSURANCE PLC.

Proposed Dividend: ₦0.22
Proposed Bonus: null FOR null
Qualification Date: 4/29/2022
AGM Date: 5/19/2022
Payment Date: 5/19/2022
Closure of Register Date: 5/2/2022

BUA CEMENT PLC

Proposed Dividend: ₦2.60
Proposed Bonus: null FOR null
Qualification Date: 4/13/2022
AGM Date: 7/21/2022
Payment Date: 7/21/2022
Closure of Register Date: 7/11/2022


UAC OF NIGERIA PLC.

Proposed Dividend: ₦0.65
Proposed Bonus: null FOR null
Qualification Date: 6/7/2022
AGM Date: 6/22/2022
Payment Date: 6/23/2022
Closure of Register Date: 6/8/2022


SFS REAL ESTATE INVESTMENT TRUST

Proposed Dividend: ₦7.25
Proposed Bonus: null FOR null
Qualification Date: 4/22/2022
AGM Date:
Payment Date: 5/13/2022
Closure of Register Date: 4/25/2022

CONSOLIDATED HALLMARK INSURANCE PLC

Proposed Dividend: ₦0.02
Proposed Bonus: null FOR null
Qualification Date: 5/13/2022
AGM Date:
Payment Date:
Closure of Register Date: 5/16/2022


AXA MANSARD INSURANCE PLC

Proposed Dividend: ₦0.22
Proposed Bonus: null FOR null
Qualification Date: 4/28/2022
AGM Date: 5/12/2022
Payment Date: 5/12/2022
Closure of Register Date: 4/29/2022


LIVINGTRUST MORTGAGE BANK PLC

Proposed Dividend: ₦0.06
Proposed Bonus: null FOR null
Qualification Date: 5/13/2022
AGM Date: 6/2/2022
Payment Date: 6/6/2022
Closure of Register Date: 5/16/2022

BETA GLASS PLC

Proposed Dividend: ₦1.10
Proposed Bonus: 1 FOR 5
Qualification Date: 6/10/2022
AGM Date: 7/5/2022
Payment Date: 7/6/2022
Closure of Register Date: 6/13/2022


ALUMINIUM EXTRUSION IND. PLC.

Proposed Dividend: ₦0.50
Proposed Bonus: null FOR null
Qualification Date: 5/27/2022
AGM Date:
Payment Date:
Closure of Register Date: 5/30/2022


MCNICHOLS CONSOLIDATED PLC

Proposed Dividend: ₦0.03
Proposed Bonus: null FOR null
Qualification Date: 6/30/2022
AGM Date: 7/28/2022
Payment Date: 8/4/2022
Closure of Register Date: 7/1/2022

AIICO INSURANCE PLC.

Proposed Dividend: ₦0.02
Proposed Bonus: null FOR null
Qualification Date: 5/20/2022
AGM Date: 5/27/2022
Payment Date: 5/30/2022
Closure of Register Date: 5/23/2022


CHEMICAL AND ALLIED PRODUCTS PLC

Proposed Dividend: ₦1.25
Proposed Bonus: null FOR null
Qualification Date: 6/1/2022
AGM Date: 6/16/2022
Payment Date: 6/17/2022
Closure of Register Date: 6/2/2022

MRS OIL NIGERIA PLC.

Proposed Dividend: 0.00

Proposed Bonus: 1 FOR 8
Qualification Date: 7/1/2022
AGM Date: 8/2/2022
Payment Date: 8/9/2022
Closure of Register Date: 7/4/2022


JAIZ BANK PLC

Proposed Dividend: ₦0.04
Proposed Bonus: null FOR null
Qualification Date: 5/26/2022
AGM Date: 6/8/2022
Payment Date: 6/8/2022
Closure of Register Date: 5/27/2022


COURTEVILLE BUSINESS SOLUTIONS PLC

Proposed Dividend: 0.04
Proposed Bonus: null FOR null
Qualification Date: 6/2/2022
AGM Date: 6/24/2022
Payment Date: 6/24/2022
Closure of Register Date: 6/3/2022

WEMA BANK PLC.
Proposed Dividend: ₦0.24
Proposed Bonus: null FOR null
Qualification Date: 4/27/2022
AGM Date: 5/10/2022
Payment Date: 5/10/2022
Closure of Register Date: 4/28/2022

JULIUS BERGER NIGERIA PLC

Proposed Dividend: ₦2.50
Proposed Bonus: null FOR null
Qualification Date: 5/27/2022
AGM Date: 6/16/2022
Payment Date: 6/17/2022
Closure of Register Date: 5/30/2022

OKOMU OIL PALM PLC.

Proposed Dividend: ₦8.00
Proposed Bonus: null FOR null
Qualification Date: 4/22/2022
AGM Date: 5/25/2022
Payment Date: 5/25/2022
Closure of Register Date: 4/25/2022

STERLING BANK PLC.

Proposed Dividend: ₦0.10
Proposed Bonus: null FOR null
Qualification Date: 5/27/2022
AGM Date: 6/16/2022
Payment Date: 6/16/2022
Closure of Register Date: 5/30/2022

STANBIC IBTC HOLDINGS PLC

Proposed Dividend: ₦2.00
Proposed Bonus: null FOR null
Qualification Date: 4/13/2022
AGM Date: 5/26/2022
Payment Date: 5/27/2022
Closure of Register Date: 4/14/2022

FIDSON HEALTHCARE PLC

Proposed Dividend: ₦0.50
Proposed Bonus: null FOR null
Qualification Date: 7/8/2022
AGM Date: 7/28/2022
Payment Date: 7/29/2022
Closure of Register Date: 7/11/2022

INDUSTRIAL & MEDICAL GASES NIGERIA PLC

Proposed Dividend: 0.00

Proposed Bonus: 1 FOR 5
Qualification Date: 6/9/2022

AGM Date: 6/24/2022

Payment Date: 6/24/2022
Closure of Register Date: 6/10/2022

NIGERIAN AVIATION HANDLING COMPANY PLC

Proposed Dividend: ₦0.41
Proposed Bonus: 1 FOR 5
Qualification Date: 7/15/2022
AGM Date: 7/29/2022
Payment Date: 7/29/2022
Closure of Register Date: 7/18/2022

BERGER PAINTS NIGERIA PLC

Proposed Dividend: ₦0.40
Proposed Bonus: null FOR null
Qualification Date: 4/21/2022
AGM Date: 5/19/2022
Payment Date: 5/19/2022
Closure of Register Date: 4/22/2022

TOTALENERGIES MARKETING NIGERIA PLC

Proposed Dividend: ₦18.20
Proposed Bonus: null FOR null
Qualification Date: 4/22/2022
AGM Date: 6/16/2022
Payment Date: 6/17/2022
Closure of Register Date: 4/25/2022

FIDELITY BANK PLC

Proposed Dividend: ₦0.35
Proposed Bonus: null FOR null
Qualification Date: 4/22/2022
AGM Date: 5/5/2022
Payment Date: 5/5/2022
Closure of Register Date: 4/25/2022

GLAXO SMITHKLINE CONSUMER NIG. PLC.

Proposed Dividend: ₦0.45
Proposed Bonus: null FOR null
Qualification Date: 4/22/2022
AGM Date: 5/26/2022
Payment Date: 5/27/2022
Closure of Register Date: 4/25/2022

NPF MICROFINANCE BANK PLC

Proposed Dividend: 0.00
Proposed Bonus: 1 FOR 9
Qualification Date: 5/27/2022
AGM Date:
Payment Date:
Closure of Register Date: 5/30/2022

NPF MICROFINANCE BANK

Proposed Dividend: ₦0.10
Proposed Bonus: null FOR null
Qualification Date: 5/6/2022
AGM Date: 5/26/2022

Please note if you have holdings in any of the company and you wish to get your dividend on the payment date you must confirm your mandate has been received and processed by the registrar in charge of the company before the closure date. If after that date, you submit and processed your mandate your dividend will be paid but that will be after the payment date.

Franky826:
FBN is 7.5% as at today( from my calculations)

Meanwhile are they not supposed to compound the interest today is 01/04/22
Being the beginning of the 2nd quarter.
My dashboard is still same. Interested not yet compounded. What's happening?
cc emmasoft

Check again. it's done. Interest reinvested for ione customers.

onegentleguy:


Have observed how your always willing to offer a helping hand to others, especially as it relates to brokerage and asset magt related matters.

Thank you for all you do. I might not have been a beneficiary but I admire your good deeds.
@mcy56 and a few others have also often tore the same path.
...kudos to y'all and pls keep up the good work.

Regards

@OGG Thanks for your kind words. I really appreciate.
Your good deeds are also all over the pages with your great and detailed analysis giving light and directions to many folks here.

Curiouscity:


You see why I am tempted to say they only work with clients who have huge funds with them.
I bought my 1st set of shares with Meristem 7 years ago. One of them is UBA. I have have not collected any UBA dividend for these years. In 2019 I started complaining via emails, filled e-mandates forms many times. Nothing changed. They sometimes forget about my email, till I send a reminder.
I bought Diamond Bank in 2018. When Access Bank acquired Diamond, I was to get 10k cash and my stocks converted to Access bank's. Till today I have not seen the cash and didn't get any explanation except I should submit e-mandate form that I already did. I only recently got my Access dividends of past years few weeks ago.
You see? Our experiences are as wide apart as the North and South poles

Note that anything that has to do with dividend is between the registrars, the company and the investor. The only time your stockbroker is involved is when you decide to get your signature specimen to the registrar through them completing a transfer form which the broker will sent to cscs on your behalf and cscs in turn will send to the registrars involved before you can send your mandate to the registrar.

Payment of dividend is not dependent on the stockbroker you bought your stock with.
However, some Brokers will take up the services of helping clients recover unclaimed dividend- that is additional service and usually with a cost.

Please note I'm not making case for meristem, neither do I work there. I'm just giving what is obtainable as per usual practice in the industry.

Capitas7:
Modified quote.

Good day sir. Please I have a friend who does not have an active Nigerian passport (but an active foreign one), and has no BVN. Can he open an investment account with Investment One? Or any other reputable stockbroker?
I am not sure if opening a CSCS account would come with some hurdles, given this situation.
Thank you, and I would appreciate any helpful information from any member of the forum too.

The ID can be notarized and used, the issue will be BVN. It's a SEC stipulated rule. For any investment account to be opened for an investor in Nigeria, the BVN is a compulsory requirement.

Camoready:
Please any idea on when fbnh would declare?

By regulatory standards it should not go beyond 31st March. However, the CBN is a determining factor when it comes to the release of any Bank audited financial report.

moneymanager:
The battle for number one position is over

I don't think so. It's because GTCO was markdown today hence the drastic reduction in price. If Zenith was to be markdown today it will be in the same region. By Monday when Zenith is markdown they will almost be at par. The battle will be for a long time except one of them do something differently on the positive to get clear leadership as per price.

SlahJoe:
On the bolded, how much does it cost to get CSCS statement from one's stockbroker

Absolutely free. Send a mail to request any time you need the document and it will be sent without any cost.

However, for some of them if you are in their physical office and request for a hardcopy of your statement you will be requested to pay for the print out.

Mpeace:
You ought to, but the way some registrars operate, i doubt if they will have your name on their records today, as to qualify you for dividends. I am aware of someone who is currently preparing to sue afriprud should having failed to receive dividends despite buying his ucap on the 4th, before the qualification date of 8th.
If you buy today ensure u communicate the registrars.
I bought Ucap on qualification day, called them repeatedly to ensure the processed my edividend mandate. They requested my cscs statement (which i sent) as they claimed their records did not show i had UCAP

Today is closure date for GTCO, if you buy today you are not qualified for the dividend, only investors' name on the register on or before yesterday which is the qualification date that can get dividend. The day of closure of register is by 12am of that day hence market opens with ex-div price.
If the closure date is a range, by the first day it's effected.
Let's be well guided.

gabscity:
Please oooo... I invested in the March FGN Savings Bond through Morgan Capital. Please what do I get to confirm my allotment No info from Morgan Capital yet.

All stockbrokers or financial institutions are just agent to the FGN for the collection of subscriptions from investing public that is all. Information from them are the same they will receive from the DMO which you can also get in the public space.

Allotment will be done by the issuer and you get the evidence in your cscs account after allotment.
The allotment will also be made public just as the subscription. After the allotment, you can check your cscs online if you subscribe to CSCS Plc or ask your stockbroker to send your cscs statement.

veetubes:

please i have not received my ucap dividend, i bought since February and investment one is stockbroker, Do i need to contact my stockbroker

I hope you completed and sent your transfer form to ione before sending your e mandate to the registrar. If yes you will get your dividend otherwise contact the registrar by Friday to know the status of your mandate

davit:

Is Commercial Paper yield rate per annum or the period of the investment?

All rates quoted on any investment widow particularly regulated ones like CP are per annum.

Ades1:
Na so Nigeria tight with information? No one has any leak/rumor about earnings, dividends or M&A? Even for America, leaks/rumors happen in advance, but for this country everybody/everywhere just dey on code!!

Leaks/Rumors is part of the world market but based on my 3 years of observation so far, leaks/rumors almost never happen on the NSE.

Nothing is known until that person in charge of uploads on NGX website shows up to work lol.

For the fact that you didn't hear doesn't mean there is no rumors/leaks.

If you meet the right person/persons you will get more than enough.

There is really no secret under the sun.

Heishere:
NPF Microfinance to pay dividend and bonus from unissued shares.

Expect this type of bonus from companies who will opt for non cancelation of unissued shares between now and December this year as directed by regulators
Presco took the lead and now NPFMFB.

For companies with sound fundamentals, it will be a good experience for the shareholders as long as they are able to keep increasing their earnings.

ucvin:
Hi Everyone! It's a sad day for me. I panicked and sold all my Total oil share at 245. I bought it at 262 two weeks ago. Lost over 800,000 today.
I was also tempted to sell NB but somehow got restrained from selling.
NSE no go give me BP.

From your post it shows you've got no investment strategy in place. If you continue this way the market may look like gambling.

Whether trading or long term you need to do some analysis at least basic fundamentals of any stock you are interested in, that will give you reason to buy, sell or hold.

The first step is to have investment objective
For instance if you are a long term investor there is no need of panic because a stock loss just in one day trade when the fundamentals of that stock is still intact. Most times price movement doesn't bother a long term investor a dip is always an opportunity to buy more if there is cash.
Also understand what real loss/gain and paper loss/gain means.

It's good to listen or read what others say about a stock but as always adviced by good analyst and following best investment practice always do your due diligence.

Don't be in a hurry, you can't make all the money in a twinkling of an eye.

If a stock gain or loss try to understand why this will give you reason to stay, move away or
or enter more.

I remembered a situation where an investor started panicing as he saw a stock lost heavily on a particular day only for him to find out that it was the day the stock was markdown to give effect to the corporate action of the company. The company in question declared dividend and bonus and that drag down the price on that day. If not that knowledge he could develop high BP for nothing.

Getting to understand what you are into could also help. Try and understand basic operations and behavior of the market.

Then keep this in mind
Rule No. 1 don't lose money
Rule No. 2 don't forget rule No. 1 - Warren Buffet.

Mpeace:
Whats the process of applying?

To subscribe:
Payment: Funds should be paid into our bank account with details below;
Account Name: Investment One Financial Services Ltd
Account Number: 0004473197
Bank: Guaranty Trust Bank Plc

Download the form from the attached file

W working together with men
O open minded
M managers at home and office
E energetic and efficient
N negotiates on behalf of children and men

Happy In'l women's day to all the women in the house

W working together with men
O open minded
M managers at home and office
E energetic and efficient
N negotiates on behalf of children and men

Happy In'l women's day to all the women in the house

W working together with men
O open minded
M managers at home and office
E energetic and efficient
N negotiates on behalf of children and men

Happy In'l women's day to all the women in the house

FGN Savings Bond March edition

Going by the current rate of this month's issue of FGN Savings bond it's not a bad idea to look its way for any conservative or low risk investor.

To subscribe:
Payment: Funds should be paid into our bank account with details below;
Account Name: Investment One Financial Services Ltd
Account Number: 0004473197
Bank: Guaranty Trust Bank Plc

Download the form from the attached file

Bukkydudu:
Good afternoon house,

Please when is GTCO payment date?

Guaranty Trust Holding Company Plc
Proposed Dividend: ₦2.70
Proposed Bonus: null FOR null
Qualification Date: 3/23/2022
AGM Date: 4/8/2022
Payment Date: 4/8/2022
Closure of Register Date: 3/24/2022

Redoil:
please chief how do I get to see all the listed mutual finds and thier prices

It used to be displayed in fund managers association website but for some time now the site has been showing error.

You can check the websites of the different fund managers.

Some funds too especially mmf has static price only rates changes daily.

yMcy56:

If Elephant should pay btw 50-70k, it's a good one and an improvement.
We all know the plight of that bank. If it were to be a smaller bank that faced what FBN faced and still managed to weather the storm, it would have gone under.
Lol. Not making case for The Elephant o......but just trying to see the bank from the point of efforts being made to stay alive and striving to improve on their performances.
If Elephant continues this way, I want to believe that it won't take so long to return to her original position.

You are correct. In fact the wahala they faced is even more than what is reported to the public. The elephant is indeed strong.
The coast is clearer for them now.

Mfunkynation:
please am yet to see my AIICO bonus in my CSCS account.
who is the registrar?
Registrar contact email?
Thanks

Coronation Registrars.
call this number 01 2272570, I spoke with them last Thursday.

I will suggest before you call if you are using more than one stockbroking firm check the cscs from each to be sure your bonus was not credited to another house different from the one you are checking.

Biafran4life:
Tony go hammer from dividend then controlling interest . Just imagine,#1.50,#.70 ,#1.00 and more to come.

Nah so. After working hard and working smart what do you expect the next thing nah to chop with two hands.

Biafran4life:
This market can be irrational. Pz declared #.25 @#7.00 and APR declared #.50 @#7 plus and is receiving bashing.That means Apr tried oh

Market is not irrational its action is based on expectation. If the market expects some level of performance and the company goes below that expectation it will bashed, the sector also determines as well as the current state of the company, market normally have good sentiments towards a company coming out of the woods. Imagine if Zenith bank pays N1, Wapco N1 and FBN 70kobo.

I'm sure Zenith will be bashed while Wapco will be appreciated of course FBN will be taken to the sky in terms of price, that is market for you with a mind of its own.