A total of 86 companies listed on the Nigerian Stock Exchange are to receive awards at the 2014 Dividend Payment Awards. The organisers of the Dividend Payment Awards, Bodmas Foundation, said this in a statement made available to our correspondent on Wednesday. According to the statement, the shortlisted companies will be presented with Gold, Silver, or Bronze awards at a ceremony in Lagos on December 12. It added that the event would be chaired by a former Minister of Defence and Chairman, TY Holdings Limited, Lt. Gen. Theophilus Danjuma (retd), while the governors of Lagos State, Babatunde Fashola, and Oyo State, Abiola Ajimobi, and the Minister of Industry, Trade and Investment, Mr. Olusegun Aganga, are expected as chief guests of honour. The Executive Director, Bodmas Foundation, Mr. Abiodun Ayodele, was quoted as saying the DP-Awards will be held annually for Nigerian-listed companies that achieve a minimum cumulative dividend payment of five years to their shareholders at any given time after listing on the Nigerian stock Exchange. According to the organisers, only United Bank for Africa Plc and Vitafoam Nigeria Plc are in the Gold Award category for achieving dividend payments of 41 years and 36 years respectively to their shareholders. Fourteen of the companies are in the Silver Award category for achieving dividend payment for between 20 years and 30 years to shareholders. The Bronze Award category comprises 70 companies that have achieved dividend payment years of between five years and 15 years to their shareholders. “The respective DP-Awards winning companies are by their awards, indicating to their shareholders, investors, regulators, and the public at large that they are premium companies that hold a great prospect for continuous wealth creation for their investors/shareholders, and the Nigerian economy at large,” Ayodele said. “The listed companies have by their collectively impressive dividend payments to shareholders to date, added hundreds of billions of naira to the Nigerian economy and given a good account of themselves to justify their shareholder investments in the Nigerian capital market.’’ Copyright PUNCH. All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from PUNCH. Contact: editor@punchng posted on November 27, 2014 at 12:00AM jtnng.blogspot/
Posted on: Wed, 26 Nov 2014 23:13:17 +0000
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