MTN Nigeria declares N8.57 dividend to shareholders for 2021 year end

MTN Nigeria has declared a final dividend of N8.57 to shareholders for the year ended 31 December 2021.
The telecom giant year on year growth in its top line and bottom line figures for the year under review.
A turnover of N1.654 trillion was reported for the 12 months period, up by 22.87% from N1.346 trillion reported the previous year.
Profit after tax grew by 45.53% to N298.654 billion from N205.214 billion reported the previous year.
Earnings per share of MTN increased to N14.67 form the EPS of N10.08. This translates to 45.53% growth year on year.
At the share price of N197.5, the P/E ratio of MTN stands at 13.46x with earnings yield of 7.43%
Qualification date for the dividend is April 6, 2022. The Register of Shareholders will be closed on April 7, 2022. Payment date is April 28, 2022.


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