MTN Nigeria Sets to Pay Shareholders Interim Dividend
Telecommunication company MTN Nigeria Plc (Ticker: MTNN) is set to pay an interim dividend to shareholders this week, details from its corporate disclosure revealed.
Following a bumper earnings harvest in the 9 months of financial year 2025, the telecom company board of directors announced a plan to share profit with shareholders in the form of a dividend.
The telecommunication company has been on dividend holiday for two years, as FX liabilities exposed its balance sheet to significant fluctuation that damaged its earnings performance after naira devaluation.
“An Interim Dividend of N5 per 2 kobo ordinary share has been approved by the Board of Directors of MTN Nigeria Communications Plc, subject to appropriate deduction of withholding tax”, MTN told the Nigerian Exchange.
The interim dividend will be paid to shareholders whose names appear in the Register of Members as at the close of business on 20 November 2025.
“On 28 November 2025, dividends will be paid electronically to shareholders whose names appear on the Register of Members as at 20 November 2025, and who have completed the e-dividend registration and mandated the Registrar to pay their dividends directly into their Bank accounts,” MTN said.
Last week, MTN Nigeria share price declined to N465 due to soft selloffs. This put the company’s market value at 9.762 trillion, 11% below the highest value posted in the Nigerian market in 52 weeks.
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