- MTN Nigeria shareholders have five days to decide whether to receive their dividend payout in cash or shares
- A total dividend payout of N288 billion has been decided after an outstanding N2 trillion revenue
- The company’s Scrip Dividend Election Plan allows it to retain its net profit instead of spending its cash reserves on dividend payout
- Shareholders that subscribe to the plan will receive shares at a discount compared to the market price
MTN Nigeria Communications Plc is giving its shareholders the option to receive their dividend payout in cash or shares.
The company recently announced plans to pay shareholders an N288 billion dividend in 2022, an increase from the N212 billion paid in 2021.
