A 24-year-old Nigerian civil engineering student, Peter Ogundiran, has caused a buzz on social media after publicly displaying the dividend he received from MTN. In a tweet on May 5, 2026, the young man shared a screenshot of the payment credited to his bank account, simply captioning it: "MTN dividend received."
How Much Dividend Did MTN Pay the Student?
When asked to explain what a dividend means, Peter responded: "This is dividend payment for my MTN shares. Dividend is money paid to shareholders from profit realized from operations." Although he did not specify when he bought the shares or how many units he purchased, he confirmed a netizen's guess that he must have invested around N1.5 million. The screenshot revealed that MTN paid him a dividend of N27,000.
Reactions from Social Media Users
Internet users quickly flooded the comment section with congratulations and curiosity. One user, @sly0boy, remarked: "Na 400 I see collect. No wonder price drop." Another, @Enitanolami, asked: "Why are they paying directly into our account?" @GozieClothing praised him: "Only you scoop this dividend? When you're big, you're big." @anijunsichrist expressed envy: "I just dey look you with one kind eye. How I wish I had made just 2 million from Amazon. I go buy many shares o. See MTN dividends 27k."
Background on MTN Dividends
According to Investing Nigeria, MTN Nigeria (MTNN) pays dividends unevenly, with an annualised payout of N20.00 and a 5-year growth rate of +16.3%. This recent dividend payment has sparked interest among young Nigerians in stock market investments.
Related Story: Lady Regrets Selling MTN Shares
In a previous report, a lady who bought 400 units of MTN shares in 2021 expressed amazement at their current value. Another lady lamented selling her 1,000 MTN shares at N708 per share, making a profit of N200k in less than 30 days. She explained that she needed the money at the time but wished she had held onto them longer. MTN reported a 55.1% surge in service revenue, reaching N5.2 trillion in its 2025 audited results, indicating recovery after previous foreign exchange challenges.
