MTN Nigeria share rallied on Thursday, exiting the loss it suffered on Tuesday, following approval of its dividend payment at the Annual General Meeting of the telecommunications company, held on April 28, 2022, IgbereTV reports
Trading on the network provider had been unimpressive this week, with the share resuming the capital market flat at N213 on Monday, before it fell by 0.5% on Tuesday, as demand for the y’ello stock slumped.
After trading flat into Wednesday at N212 per share, MTN Nigeria stock rebounded to report that the company had approved N8.57kobo per share as final dividend payment to its shareholders for the 2021 period.
This surpassed the N5.90kobo the telecommunications company paid out as final dividend in the corresponding period of 2020. Note that MTN had initially approved N4.55kobo as interim dividend for last year
