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1 | P a g e C o r p o r a t e B e n e f i t s T r i g g e r

Equity Marketplace:

December 02, 2013
Corporate Actions and Events Calendar

Adjustments Scheduled for the Week Ended 29 November, 2013
Company Dividend
Declared
Dividend
Yield
Interim/Final Declaration
Date
Qualification
Date
Closure Date Payment
Date
AGM Date
NESTLE N1.50k 0.12% FYE'13 Interim 1-Nov-13 25-Nov-13 29-Nov-13 9-Dec-13

Adjustments Scheduled for the Week Ending 06 December, 2013
Company Dividend
Declared
Dividend
Yield
Interim/Final Declaration
Date
Qualification
Date
Closure Date Payment
Date
AGM Date
ENAMELWA N0.45k 1.39% FYE'12 Final 29-Nov-13 4-Dec-13 6-Dec-13 19-Dec-13 19-Dec-13
SIMCAPVAL N8.24k 7.96% FYE’12 final 29-Nov-13 6-Dec-13 6-Dec-13 31-Dec-13 17-Dec-13
TOTAL N2.00k 1.21% FYE'13 Interim 24-Oct-13 2-Dec-13 6-Dec-13 16-Dec-13

Payment Scheduled for the Week Ending 06 December, 2013
Company Dividend
Declared
Dividend
Yield
Interim/Final Declaration
Date
Qualification
Date
Closure Date Payment
Date
AGM Date
ROYALEX N0.04k 8.00% FYE'13final 15-Nov-13 15-Nov-13 2-Dec-13 27-Dec-13





NIGERIA

Ticker Dividend Scrip Dividend Interim/ Event Dates
Issue Yield Final Declaration Closure Payment AGM
ACCESS N0.25k nil 2.19% H1'12Interim 11-Sep-12 3-Oct-12 17-Oct-12 na
CAP N1.25k nil 4.08% 2012 interim 23-Oct-12 5-Nov-12 12-Nov-12 na
CUSTODYINS N0.05k nil 2.75% H1'12 Interim 4-Sep-12 20-Sep-12 2-Oct-12 na
GUARANTY N0.25k nil 1.00% H1'12 interim 30-Aug-12 10-Sep-12 21-Sep-12 na
NESTLE N1.50k nill 0.18% FYE'12 Interim 14-Nov-12 10-Dec-12 24-Dec-12 na
VITAFOAM N0.30k nil 7.04% FYE'12final 3-Jan-13 18-Feb-13 7-Mar-13











NIGERIA
Corporate Benefits Trigger
Who Is Buying What?

Corporate Benefits Trigger
Who Is Buying What?
Source: NSE, Meristem Research
Note that stocks with highest yields are selected for dividend declarations whose closure or qualification dates have not passed.
*Yield on Mansard is for interim dividend
*Yield on CUSTODYIN is for both 2012FY and 2013 interim dividends.
Stocks with the Current Highest Dividend Yields

7.96%
1.39%
1.21%
0.00%
1.00%
2.00%
3.00%
4.00%
5.00%
6.00%
7.00%
8.00%
9.00%
SIMCAPVAL ENAMELWA TOTAL

2 | P a g e C o r p o r a t e B e n e f i t s T r i g g e r

Equity Marketplace:

December 02, 2013
So far in 2013
Company Dividend
Declared
Bonus Dividend
Yield
Interim/Final Declaration
Date
Qualification
Date
Closure Date Payment
Date
AGM Date
7UP N2.20k nil 3.08% FYE'12final 1-Aug-13 30-Sep-13 15-Oct-13 8-Oct-13
ABCTRANS N0.13k nil 16.25% FYE'12final 25-May-13 29-Jul-13 2-Aug-13 6-Sep-13 23-Aug-13
ACADEMY N0.08k nil 3.86% FYE'12final 18-Oct-13 5-Oct-13 11-Nov-13 10-Dec-13 19-Nov-13
ACCESS N0.25k nil 2.50% H1'12Interim 11-Sep-12 3-Oct-12 17-Oct-12
ACCESS N0.60k nil 6.00% FYE'12final 3-Apr-13 17-Apr-13 25-Apr-13 25-Apr-13
ACCESS N0.25k nil 2.50% FYE'13 Interim 21-Aug-13 4-Sep-13 4-Sep-13 17-Sep-13
AGLEVENT N0.14k nil 9.03% FYE'12final 2-May-13 24-May-13 3-Jul-13 2-Jul-13
AIICO N0.08k nil 9.30% FYE'12 final 16-Aug-13 2-Sep-13 6-Sep-13 18-Sep-13 17-Sep-13
AIRSERVICE N0.25k nil 6.94% FYE'12final 3-Apr-13 4-Jun-13 11-Jun-13 28-Jun-13 27-Jun-13
ALEX N0.05k nil 0.48% FYE'12final 27-May-13 19-Jul-13 2-Aug-13 5-Oct-13 2-Aug-13
ASHAKACEM N0.42k nil 2.09% FYE'12final 3-May-13 3-Jun-13 4-Jun-13 28-Jun-13 27-Jun-13
AVONCROWN N0.05k nil 2.92% FYE'12final 22-Aug-13 2-Oct-13 4-Oct-13 9-Oct-13 8-Oct-13
BERGER N0.70k nil 8.75% FYE'12final 22-Mar-13 21-Apr-13 24-Apr-13 21-May-13 14-May-13
BETAGLAS N0.34k nil 2.47% FYE'12final 2-May-13 24-May-13 31-May-13 4-Jul-13 3-Jul-13
BOCGAS N0.20k nil 3.00% FYE'12final 3-Apr-13 20-May-13 24-May-13 8-Jul-13 13-Jun-13
CADBURY N0.50k nil 0.80% FYE'12final 27-Mar-13 15-Apr-13 9-May-13 8-May-13
CAP N1.25k nil 3.22% 2013 interim 18-Oct-13 5-Nov-13 7-Nov-13 19-Nov-13
CAP N1.25k nil 2012 interim 23-Oct-12 5-Nov-12 12-Nov-12
CAP N0.70k 1 for 4 3.90% FYE'12final 30-Apr-13 24-May-13 27-May-13 27-Jun-13 24-Jun-13
CHELLARAM N0.05k nil 1.20% FYE'13final 25-Jun-13 12-Sep-13 19-Sep-13 26-Oct-13 26-Oct-13
CONOIL N1.00k nil 1.47% FYE'12final 16-Aug-13 2-Sep-13 6-Sep-13 14-Oct-13 4-Oct-13
CONTINSURE N0.10k nil 8.70% FYE'12final 13-Aug-13 9-Sep-13 13-Sep-13 19-Sep-13 18-Sep-13
COURTVILLE N0.05k 1 for 5 8.20% FYE'12final 10-Jun-13 9-Jul-13 10-Jul-13 8-Aug-13 25-Jul-13
CUSTODYINS N0.05k nil 2.81% 2013 interim 18-Oct-13 13-Nov-13 15-Nov-13 28-Nov-13
CUSTODYINS N0.08k nil 10.81% FYE'12final 4-Oct-13 23-Oct-13 25-Oct-13 7-Nov-13 7-Nov-13
CUSTODYINS N0.05k nil 2.76% H1'12 Interim 4-Sep-12 20-Sep-12 2-Oct-12
CUTIX N0.12k nil 6.74% FYE'13 final 14-Oct-12 14-Oct-12 18-Nov-13 25-Oct-12
DANGCEM N3.00k nil 1.54% FYE'12final 24-Apr-13 3-May-13 10-May-13 3-Jun-13 23-May-13
DANGSUGAR N0.50k nil 4.55% FYE'12final 17-Apr-13 25-Apr-13 25-Apr-13 14-May-13 13-May-13
ETI N0.62k nil 4.13% FYE'12final 25-Mar-13 5-Jul-13 19-Jul-13 20-Jun-13
EVANSMED N0.05k nil 1.55% FYE'12final 25-May-13 19-Jul-13 22-Jul-13 8-Aug-13 1-Aug-13
FBNH N1.00k nil 6.21% FYE'12final 30-Apr-13 10-May-13 17-May-13 3-Jun-13 31-May-13
FCMB nil 1 for 25 FYE'12final 29-Apr-13 4-Jun-13 7-Jun-13 19-Jun-13
FIDELITYBK N0.21k nil 7.87% FYE'12final 15-Apr-13 3-May-13 10-May-13 21-May-13 21-May-13
FIDSON N0.12k 5.71%
FLOURMILL N2.00k nil 2.24% FYE'13final 7-Aug-13 23-Aug-13
GLAXOSMITH N1.30k nil 2.00% FYE'12final 26-Mar-13 22-Apr-13 29-Apr-13 24-May-13 23-May-13
GREIF N0.30k nil 18-Mar-13 16-Apr-13 22-Apr-13
GUARANTY N0.25k nil 0.92% H1'12 interim 30-Aug-12 10-Sep-12 21-Sep-12
GUARANTY N1.30k nil 4.76% FYE'12final 2-Apr-13 10-Apr-13 11-Apr-13 25-Apr-13 25-Apr-13
GUARANTY N0.25k nil 0.92% FYE'13 Interim 20-Aug-13 3-Sep-13 3-Sep-13 16-Sep-13
GUINNESS N7.00k nil 2.80% FYE'13final 16-Sep-13 15-Nov-13 25-Oct-13 18-Nov-13 15-Nov-13
HMARKINS N0.03k nil 6.00% FYE'12final 18-Jul-13 22-Jul-13 23-Jul-13 7-Aug-13 7-Aug-13
HONYFLOUR N0.16k nil 5.33% FYE'13final 17-Jul-13 9-Sep-13 13-Sep-13 25-Sep-13 24-Sep-13
INTBREW N0.25k 1 for 85 1.13% FYE'12final 24-May-13 19-Jul-13 13-Aug-13 25-Jul-13
*CAP declared interim dividend of NGN1.25 in 2012. Thus, the dividend yield is based on total dividend declared for FY:2012. *NR means Not Relevant
* Yield on CUSTODYIN is for both 2012FY and 2013 interim dividends.

3 | P a g e C o r p o r a t e B e n e f i t s T r i g g e r

Equity Marketplace:

December 02, 2013
So far in 2013
Company Dividend
Declared
Bonus Dividend
Yield
Interim/Final Declaration
Date
Qualification
Date
Closure
Date
Payment
Date
AGM Date
JBERGER N2.50k nil 3.62% FYE'12final 25-Mar-13 31-May-13 5-Jun-13 21-Jun-13 20-Jun-13
JOHNHOLT N0.05k nil 3.88% FYE'12final 23-May-13 18-Jul-13 1-Aug-13 2-Aug-13 5-Oct-13
LEARNAFRCA N0.20k nil 9.85% FYE'12final 25-Apr-13 3-May-13 10-May-13 31-May-13 30-May-13
MANSARD N0.07k nil 3.04% FYE'12final 30-Apr-13 14-May-13 23-May-13 23-May-13
MANSARD N0.04k nil 1.74% FYE'13 Interim 30-Aug-13 3-Oct-13 4-Oct-13 22-Oct-13
MOBIL N5.00k nil 4.37% FYE'12final 2-Apr-13 29-Apr-13 1-May-13 4-Jun-13 28-May-13
MRS N0.23k nil 0.43% FYE'12final 16-May-13 19-Jul-13 22-Jul-13 15-Aug-13 14-Aug-13
NAHCO N0.25k nil 4.27% FYE'12final 3-Apr-13 17-Jun-13 21-Jun-13 12-Jul-13 12-Jul-13
NASCON N0.90k nil 7.05% FYE'12final 3-May-13 28-May-13 31-May-13 12-Jun-13 6-Jun-13
NB N3.00k nil 1.78% FYE'12 Final 22-Feb-13 13-Mar-13 20-Mar-13 15-May-13 15-May-13
NESTLE N1.50k nil 1.60% FYE'12 Interim 14-Nov-12 10-Dec-12 24-Dec-12
NESTLE N18.50k nil 7.80% FYE'12 Final 20-Feb-13 26-Apr-13 29-Apr-13 10-May-13 9-May-13
NESTLE N1.50k nil 0.12% FYE'13 Interim 1-Nov-13 25-Nov-13 29-Nov-13 9-Dec-13
ENAMELWA N0.45k nil 1.39% FYE'12 Final 29-Nov-13 4-Dec-13 6-Dec-13 19-Dec-13 19-Dec-13
NNFM N0.40k nil 1.64% FYE'13 Final 23-Aug-13 18-Sep-13 10-Aug-13
NPFMCRFBK N0.10k nil 12.99% FYE'12 Final 15-May-13 7-Jun-13 14-Jun-13 28-Jun-13 27-Jun-13
OANDO N0.75k nil 5.33% FYE'12final
OKOMUOIL N7.00k 1 for 1 16.51% FYE'12final 2-Apr-13 13-May-13 14-May-13 17-Jun-13 5-Jun-13
PAINTCOM
N0.12k nil 6.15% FYE'12final
3-Apr-13 10-Apr-13 12-Apr-13 27-Jun-13 23-May-13
PRESCO N1.00k nil 2.74% FYE'12final 2-Apr-13 5-Jul-13 12-Jul-13 19-Jul-13 18-Jul-13
PZ N0.56k nil 1.49% FYE'13final 15-Aug-13 16-Sep-13 2-Oct-13 26-Sep-13
REDSTAREX N0.32k nil 7.62% FYE'13final 13-Aug-13 2-Sep-13 5-Sep-13 19-Sep-13 19-Sep-13
ROADS N0.60k nil 7.09% FYE'12final 2-Aug-13 5-Sep-13 25-Sep-13 3-Oct-13 26-Sep-13
ROYALEX N0.04k nil 8.00% FYE'13final 15-Nov-13 15-Nov-13 2-Dec-13 27-Dec-13
SCOA N0.10k nil 1.88% FYE'12final 9-Oct-13 25-Oct-13 25-Oct-13 18-Dec-13 21-Dec-13
SIMCAPVAL N8.24k nil 7.96% FYE'12final 29-Nov-13 6-Dec-13 6-Dec-13 31-Dec-13 17-Dec-13
SKYEBANK N0.50k nil 12.56% FYE'12final 19-Apr-13 10-May-13 24-May-13 22-May-13
SKYESHELT N5.00k nil 5.00% FYE'12final 12-Jun-13 13-Sep-13 13-Sep-13 27-Sep-13 27-Sep-13
SMURFIT N0.20k nil 13.51% FYE'12final 8-Jul-13 9-Aug-13 25-Jul-13
STANBIC N0.10k nil 0.51% FYE'12final 19-Apr-13 3-May-13
A day after
AGM
To be advised
STANBIC N0.70k nil 3.59% FYE'13 Interim 29-Jul-13 14-Aug-13 22-Aug-13
STERLNBANK N0.20k nil 8.77% FYE'12final 3-Apr-13
TOTAL N11.00k nil 6.67% FYE'12final 28-Mar-13 19-Apr-13 22-Apr-13 17-Jun-13 14-Jun-13
TOTAL N2.00k nil 1.21% FYE'13 Interim 24-Oct-13 2-Dec-13 6-Dec-13 16-Dec-13
TRANSEXPR N0.05k nil 4.10% FYE'12final 25-Mar-13 12-Jul-13 19-Jul-13 8-Aug-13 25-Jul-13
TRIPPLEG N0.02k nil 0.97% FYE'12final 9-Oct-13 20-Nov-13 22-Nov-13 12-Dec-13 25-Dec-13
UACN N1.60k 1 for 5 2.51% FYE'12final 2-May-13 24-May-13 27-May-13 21-Jun-13 20-Jun-13
UAC-PROP N0.70k nil 3.89% FYE'12final 3-May-13 24-May-13 20-May-13 20-Jun-13
UBA N0.50k nil 6.66% FYE'12final 10-May-13 21-May-13 24-May-13 10-Jun-13 7-Jun-13
UNILEVER N1.40k nil 2.28% FYE'12final 2-Apr-13 5-Apr-13 12-Apr-13 17-May-13 16-May-13
UNITYKAP N0.20k nil 4.00% FYE'12final 10-Oct-13 11-Oct-13 28-Oct-13 24-Oct-13
UPL N0.35k nil 9.46% FYE'12final 1-Aug-13 2-Sep-13 5-Sep-13 26-Sep-13 26-Sep-13
VITAFOAM N0.30k nil 6.52% FYE'12final 3-Jan-13 22-Feb-13 8-Mar-13 7-Mar-13
WAPCO N1.20k nil 1.20% FYE'12final 26-Mar-13 3-May-13 10-May-13 30-May-13 28-May-13
ZENITHBANK N1.60k nil 7.51% FYE'12final 2-Apr-13 12-Apr-13 15-Apr-13 24-Apr-13 24-Apr-13
*NESTLE and TOTAL declared NGN1.50 and NGN3.00 interim dividend respectively. Dividend yield was based on total dividend for FY:2012

4 | P a g e C o r p o r a t e B e n e f i t s T r i g g e r

Equity Marketplace:

December 02, 2013
Contact Information
Brokerage Services
gbadunolasokunbi@meristemng.com (+234 803 361 6176)
Tel: +234 1 271 7350-5

Investment Banking/Corporate Finance
adejumokeawolumate@meristemng.com (+234 806 273 2560)
michaelogun@meristemng.com (+234 805 521 1605)

Wealth Management
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Tel: +234 01 738 9948

Registrars
muboolasoko@meristemregistrars.com (+234 803 324 7996)
www.meristemregistrars.com
Tel: +234 01 892 0491 – 2

Trustees
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Tel: +234 01 448 5990
Group Business Development
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Client Services
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Investment Advisory
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Investment Research
kemiakinde@meristemng.com (+234 809 18309487)
kolayaqub@meristemng.com (+234 802 761 4557)
research@meristemng.com 01-2953135
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ISI Emerging Markets: www.securities.com/ch.html?pc=NG





5 | P a g e C o r p o r a t e B e n e f i t s T r i g g e r

Equity Marketplace:

December 02, 2013

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information and are meant for general information purposes only and it may not be reproduced or distributed to any other person. All
reasonable care has been taken to ensure that the information contained herein is not misleading or untrue at the time of publication;
Meristem can neither guarantee its accuracy nor completeness as they are an expression of our analysts’ views and opinions.

Meristem and any of its associated or subsidiary companies or the employees thereof cannot be held responsible for any loss suffered
by relying on the said information as this information as earlier stated, is based on publicly available information, analysts’ estimates
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