MTN Ghana to pay total dividend of GH¢2.31 billion

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MTN Ghana (MTNGH) will pay a total dividend of GH¢2.316 billion to shareholders for the financial year 2023.

The Board of MTN Ghana recommended a gross final dividend of GH¢0.175 per share for the period to December 31, 2023. This is however subject to approval by the shareholders.

The number of ordinary shares in issue at the date of the declaration was 13,236,175,050

According to the telecom giant, the dividend will be transferred electronically to the bank accounts or mobile money wallets of shareholders who make use of these facilities.

Its Annual Report 2023 revealed that all shareholders registered in the books of Scancom PLC at the close of business on Thursday, March 28, 2024, qualify for the final dividend.

The ex-dividend date is however slated for March 26, 2024.

Consequently, an investor purchasing MTNGH shares before this date will be entitled to the final dividend. However, an investor buying MTNGH shares on or after Tuesday, March 26, 2024 will not be entitled to the final dividend.

MTN Ghana recorded a profit of GH¢3.98 billion in 2023, about 39.4% growth over the previous year, according to its audited 2023 Financial Report.

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