Nigeria, March 2 -- Telco giant MTN Nigeria Communications PLC (MTNN), whose revenue touched a new high of N1.346 trillion in 2020, has announced a final dividend of N5.90 per share translating to a payout of N120.092 billion.

It declared a N3.50 per share interim dividend in June, which brings its total dividend for 2020 to N9.40 per share or N191.332 billion altogether. MTNN paid shareholders N7.92 per share for 2019.

The dividend is 'subject to appropriate deduction of withholding tax and will be paid to shareholders whose names appear in the register of members as at the close of business on May 24, 2021,' MTNN said in a note to the Nigerian Stock Exchange on Monday, obtained by PREMIUM TIMES.

The register of shareholders will be c...