The Nigerian Exchange Limited saw releases of a couple of earnings reports last week from top stocks, most of which were strong and promising for investment.
Northern Nigerian Flour Mills (NNFM) PLC has declared an interim dividend payout of N0.15 per share to stockholders whose names appear in the company’s register of members by August 24. The cash reward is payable on September 10.
Meyer PLC’s board of directors has announced an interim dividend of N1.50 to shareholders for every share held in the firm. That is more than two times the price of the stock, which last closed trade at N0.59 per share. The qualification date is August 16.
Consolidated Hallmark Insurance PLC has disclosed plans to pay shareholders an interim dividend per share of N0.02 to those who own its shares by August 13. Payment is timed for September 2.
Oando PLC makes this week’s pick for currently trading significantly below its core value, which makes it cheap for investing. It has earnings per share (EPS) of N2.32 and a price-to-earnings (PE) ratio of 2.06.
Fidelity Bank PLC is trading well below its real value at the moment, which makes it cheap to invest in. It is currently priced at N2.39 per unit, has an EPS of N1.05 and a PE ratio of 2.28.