Dangote Shares: It Will Take 118yrs To make 100k
For those of you investing ₦10k or ₦20k in Dangote Refinery shares... do you actually understand what you're doing? Let's assume an 8.5% dividend yield: Your ₦10,000 will give you approximately ₦850 per year; your ₦20,000 will give you approximately ₦1,700 per year. To earn a total of ₦100,000 from dividends alone: it will take your ₦10k investment about 118 years; it will take your ₦20k investment about 59 years.
Why not just use that money to buy bags of sachet water and start a business... I'm just saying though. Anyway... this is just about dividends... capital appreciation is another discussion entirely. Don't let Dan use your money to build another petroleum to another Africa country. Nigerians be Wise. #Dangoteshares #Nigeriaupdates #newsfeed copied
Read more at nairaland.com

