Born2berich:
How dividend payment works by Ugodre Obi-Chukwu
If you purchased shares of a company after the register is closed (ex-div date) you will not receive dividends. The ex-div date is the cut-off date for payment of dividend and also the date upon which the share price trades less the amount of dividend per share that will be paid. As such, when a company declares dividends it usually accompanies such announcement with a date for closure of register. Therefore, the shareholders that will get dividends are those whose names appear on the register on or before the date of closure of register. If you purchase shares after the register is closed (ex-div) you will not be paid dividends for that period.

Can you use an example?

For example, a company can announce proposed dividend on February 13 2014, closure of register for March 14 2014 and pay dividends April 4th 2014. Those who bought or own shares in the company on or before March 14th 2014 will qualify for dividends. Therefore if you buy shares in the company after March 14, you will not qualify for that dividend. The period between March 14th and April 4th is the ex-div period as such March 14th is when the share price will be “marked down”.
http://www.punchng.com/business/am-business/how-dividend-payment-works/

megainvest:
FBNH is one of the most watched stocks right now. Good news will send it 10% up easily and a bad one 10% down easily. We already know that the performance from Q3 is good. The question is what corporate action will be taken on FBNH. This is because of the effect of new policies on the bank. I expect FBNH to give a good bonus even if the dividend is not up to N1.

Rooneyboy:

This morgan itrade, I read where u wrote about them being the best we have @ the moment, how do I get to register under their platform , are they in all states of the federation.
My current location is enugu, do they have a presence here, I earnestly do await ur reply .

carpenter:


I have never really understood the theory of bonuses besides the feel good factor which you get by having more units. I would rather have less units as long as the value is the same as twice that number. Anyone care to school me a bit?

Elai147:


Bonus ke? Join their current OS? Maybe 1 for 20. I will be surprised if they give 1 for 10.

pdozie:
Meristem still down. But if you want to excute any mandate, just send them a mail - contact@meristemng.com
I send them mine via email and they worked on it within 3 minutes (Not bad)

I've entered the Transcrop Bus and Flourmill too (As usual, not a recommendation - The choice is always yours)

Rooneyboy:


This morgan itrade, I read where u wrote about them being the best we have @ the moment, how do I get to register under their platform , are they in all states of the federation.

My current location is enugu, do they have a presence here, I earnestly do await ur reply ..

Aks:
I hope some guys are not trapped especially on a stock i termed LOW VOLATILITY @ Eterna. If you are not for long term, I'll advise you claim your profit now. The reason why most stocks have not dropped below close price of yesterday is because of the max BID data on the stocks @ the start of trade today. NB: by tuesday, most guys will understand the full meaning of a free fall on most of the stocks.

carpenter:


I have never really understood the theory of bonuses besides the feel good factor which you get by having more units. I would rather have less units as long as the value is the same as twice that number. Anyone care to school me a bit?

Chibuking81:
Pls brothers and sisters in the lord, between FBNH at #9.54 and Oando at #17.55 which of them has a better entering price?.

Chibuking81:
Pls brothers and sisters in the lord, between FBNH at #9.54 and Oando at #17.55 which of them has a better entering.

angelo82:
I think FBNH is still a better buy option than Oando............

Aks:
I hope some guys are not trapped especially on a stock i termed LOW VOLATILITY @ Eterna. If you are not for long term, I'll advise you claim your profit now. The reason why most stocks have not dropped below close price of yesterday is because of the max BID data on the stocks @ the start of trade today. NB: by tuesday, most guys will understand the full meaning of a free fall on most of the stocks.

megainvest:


Seriously, I agree with you but, I am only trying to guess what the board has in mind like everyone else. What is the implication of this statement from that podcast:

We intend to effectively manage dividend pay-out and increase retention as a means of capital management, given so many factors i.e. lack of debt in market, liquidity in the market - FBNH GM

Elai147:


You are right. Not all bonuses are good deals. Sometimes it pays more to take advantage of capital appreciation from the dividend rally and forget the bonus. If a company declares dividend and bonus and I'm in for short/mid term, I usually wait until a day before closure date (when the stock will be marked down for bonus and dividend) to see how much I can gain on capital appreciation. After a guesstimate of the possible mark down price and a consideration on the strength of the coy to go back to its previous trading price, I make my decision to sell or hold.

Aks:
I hope some guys are not trapped especially on a stock i termed LOW VOLATILITY @ Eterna. If you are not for long term, I'll advise you claim your profit now. The reason why most stocks have not dropped below close price of yesterday is because of the max BID data on the stocks @ the start of trade today. NB: by tuesday, most guys will understand the full meaning of a free fall on most of the stocks.

bigjay01:


Please listen to that podcast then come back and tell us what you make of it.

Please note that they may also change their mind 'cos of the postponement by CBN of the implementation of Basel[b]X[/b] (where X is II or III, I am not sure) capital adequacy requirements.

pdozie:
@House - CCNN dividend of 35k is it a good omen or not?

Elai147:


It's a 50% cut from their FY'13 declared dividend which was 70k. I wanted to buy for short term dividend rally but opted out when I saw 35k on their report . The decision is yours.

EDUECO:
Brothers and Sisters in fellowship,does filled means that buy transaction on Morgan's iTrade is successful? Please,attend to my humble question.
☺

Aks:
I hope some guys are not trapped especially on a stock i termed LOW VOLATILITY @ Eterna. If you are not for long term, I'll advise you claim your profit now. The reason why most stocks have not dropped below close price of yesterday is because of the max BID data on the stocks @ the start of trade today. NB: by tuesday, most guys will understand the full meaning of a free fall on most of the stocks.

Elai147:


It's a 50% cut from their FY'13 declared dividend which was 70k. I wanted to buy for short term dividend rally but opted out when I saw 35k on their report . The decision is yours.

carpenter:


You seem to have been missing in action for a while in this forum

I can even understand dividends, it gives me an opportunity to get some of my money back to meet other needs besides the feel good factor. As for bonuses, it just favours the company because more investors and speculators might be tempted to buy more at lower values.

Born2berich:


CCNN only released corporate actions. i havent seen their result or did i miss it.

natruetalk:


bros don't worry about d stock, d journey still far, what happen 2day happen across board. prefer to remain here than buying Transport dt struggling 4 operational cash as at Q3