Investors Hoping to Make Money through Stocks See their Billions 'Trapped' Since 1980s, with No Penny Made
- Some Nigerian investors who spent billions to invest in publicly traded companies in the hope of making more money may never see their money again.
- The investments stretch back to the 1980s, and they will just have to wait for a change of fortune on the companies
- The companies invested in cut across various sectors which include media, consumer goods, financial sector among others
Except for miracles some Nigerian investors who had committed their money buying shares of public listed Nigerian companies will never get even a one tenth of what was invested.
Some of these investors had in their young age, just like every young persons today hoped in few years time they will become free from financial challenges.
It has, however, been a sobering experience for investors. One of the companies have in-fact stopped paying dividends to shareholders as far back as 1985, despite continuing to trade on the market.
Source: Getty Images
Dividends are payments a company makes to share profits with its stockholders. They're paid on a regular basis, and they are one of the ways investors earn a return from investing in stock.
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Names of the companies without dividend payments in over 10 years
51 of the 153 companies currently listed on the Nigerian exchange are culpable in terms of dividends payments to their shareholders Premium Times reports
Ten of these firms have failed to announce a dime for its investors in the last ten years.
The companies are Champion Breweries , Golden Guinea Breweries, Juli Plc, Capital Oil, DN Tyre and Rubber, Premier Paints, Livestock Feeds, Union Dicon.
Others are Daar Communications, John Holt, Studio Press, Staco, RT Briscoe, Royal Exchange Insurance, Standard Alliance, Morrisons, FTN Cocoa, Guinea Insurance, FTN Cocoa, Omatek.
Chellarams, Ellah Lakes, NCR, RT Briscoe, Tantalisers as well as Vanleer (formerly Greif) since 2012.
The longest wait for dividends for investors
- Champion Breweries- 35 years
- Studio Press- 26 years
- Golden Guinea Breweries- 24 years
- Arbico- 23 years
- Juli Plc- 22 years
- Capital Oil- 20 years
- Livestock Feeds- 20 years
- Union Dicon- 20 years
Dangote Cement, MTN Nigeria lead list of the 10 biggest companies
Legit.ng had earlier reported that Dangote Cement and MTN Nigeria are the two biggest publicly listed companies in Nigeria as of October 2021.
The two firms are among the five biggest companies in the exclusive club of over N1trillion market capitalisation.
Using data from Nigeria Exchange the report showed how much each of the top firms are worth and their share price for anyone looking to invest.
Source: Legit.ng
