The management of Third Observers Nigeria Limited has announced the forthcoming publication of its compilation of Dividend Payment Profiles of Listed Companies in Nigeria to complement its annual Dividend Payment Awards for Nigeria’s Listed Companies, which second edition is slated for March 2019 in Lagos.
The maiden edition of the dividend payment awards was held on 10 February 2018 with 10 listed companies conferred with various honours for their respective years of dividend payments starting from a minimum of 10 years and above, as listed entities.
In a press release signed by Mr. Abiodun Ayodele, the Managing Director of Third Observers Nigeria Limited, the company explained that it decided to publish the dividend payment information of listed companies in Nigeria since each company was quoted on the Nigerian Stock Exchange to intimate the Nigerian public with the strategic financial support of listed companies in the country to the Nigerian economy from their annual payments of hundreds of billions of naira as dividends to their shareholders over the periods of their operations as quoted entities to date outside corporate taxes.
The dividends have thus helped many shareholders to enjoy a life-long comfort, created new businesses, nurtured many aspirations to fruition, and inspired many shareholders to become who they want to be.
According to Ayodele, the publication of the dividend payment policies of the listed entities will help reduce the continuously rising volume of unclaimed dividends on the Nigerian Stock Exchange by motivating more shareholders that come across the book to enroll for the electronic collection of their dividends as mandated by the apex regulator of the Nigerian capital market, the Securities and Exchange Commission, Nigeria.
‘The book will also promote the Nigerian capital market as a place of regular dividend income for Nigerians that develop the interest to become shareholders of quoted companies in the country.’
It is estimated that only about 5 million Nigerians currently hold any form of shareholding in listed companies in Nigeria.
The book will be available across Nigeria and overseas latest 30 December 2018 and shall be updated every two years to keep the investing public abreast of prompt information on dividend incomes declared by listed companies in Nigeria and to ultimately increase the number of Nigerian shareholders with equities in the listed companies.