While most investors invest in stocks to realize capital gains (share price appreciations), another category of investors are more interested in stocks that generate enough income to consistently pay good dividends. While share price growth could sometimes be driven by investor perceptions (especially in the short-term), dividend growth reflects underlying good company performance. Dividend Watch will perform deep analysis of the dividend policy of listed companies to enlighten investors on dividend payments and its impact on share price, factors influencing dividend policy and outlook for the coming year.
Cal Bank is set to pay dividend for the third consecutive year following a 23.3%y/y growth in net earnings to GHS213.80 million in FY2020. The bank is quickly developing a reputation as a dividend paying stock having paid dividends in 12 out of the last 14 years. The recent dividend of GHS0.11 per share in respect of the 2020 financial year reflects 23.6%y/y growth compared to the dividend of GHS0.089...
Total Petroleum has announced an interim dividend of GHS0.0694 per share for the 2020 financial year ending December 31, 2020. And based on the company’s corporate practices in the last decade, it is likely to declare a final dividend in respect of the 2020 financial year later in 2021. The interim dividend would result in a dividend yield of 3.0% given the company’s prevailing market valuation of GHS2.35 per...
GGBL has declared a dividend for the third consecutive year in respect of the 2020 financial year. However, the dividend per share of GHS0.0138 is 52.9% lower than the dividend of GHS0.0293 declared in the previous year. The lower dividend was driven by a contraction in earnings by 32.6%y/y to GHS12.16 million in 2020 from GHS18.05 million in 2019. The company is expected to pay a total dividend of...
EGL has announced 20.0%y/y rise in dividend to GHS0.054 per share for the 2019 financial year on the back of 53.6%y/y rise in net profit attributable to shareholders to GHS79.63 million in 2019 from GHS51.86 million in the previous year. This
CAL Bank is set to pay a dividend for the second consecutive year. The bank has proposed a dividend of GHS0.089 per share for the 2019 financial year, and this reflects 85.4%y/y growth over the dividend of GHS0.048 per share paid in the previo
Society Generale Ghana (SOGEGH) has announced a 125.0%y/y growth in dividend per share to GHS0.09 in respect of the 2019 financial year from GHS0.04 in the previous year. The significant growth in dividend was driven by 107.4%y/y rise in net e
MTN Ghana has announced a final dividend of GHS 0.04 per share for the 2019 financial year. Having paid an interim dividend of GHS 0.02 per share earlier, this brings the total dividend in respect of the 2019 financial year to GHS 0.06 per sha