Short answer: No — you will NOT receive the same dividend.
Dividend from NIDF depends on how many units you hold on the qualification date, not how long you held them.
Let me break it down clearly:
How Dividend Works (Very Important)
For dividend payment, there are 3 key dates:
Qualification Date (Closure Date) → Only investors holding shares before this date qualify
Ex-Dividend Date → If you buy after this, you won’t get dividend
Payment Date → When money is paid
👉 Dividend is based on how many units you hold, not how many months you held.
Your Example Explained
Let’s assume:
You invested ₦1,000,000 3 months before dividend
Another person invested ₦1,000,000 1 month before dividend
Both held till qualification date
Result:
You both receive same dividend (because same units held)
But Here’s What Most People Miss
If NIDF price rises before dividend:
You invested 3 months earlier → You likely bought cheaper
The other person invested 1 month earlier → Likely bought more expensive
So:
You may hold more units
Therefore you receive more dividend
Example:
Investor
Price per Unit
Amount
Units
You (3 months earlier)
₦100
₦1,000,000
10,000 units
Person (1 month earlier)
₦120
₦1,000,000
8,333 units
Dividend = ₦5 per unit
You = ₦50,000
Person = ₦41,665
So earlier investors often earn more.
About The Strategy You Mentioned
“Withdraw after dividend → Invest in MMM → Return before dividend”
⚠️ This is very risky:
MMM Global is a Ponzi scheme (collapsed before in Nigeria)
You may lose capital completely
You may miss qualification date
NIDF price may rise while you’re out
This strategy is called Dividend Capture Strategy — but it doesn’t always work.
Why? After dividend:
Share price usually drops by dividend amount
So you may gain dividend but lose in price.
My Practical Advice (Safer Approach)
With funds like NIDF:
Hold long-term
Reinvest dividend
Allow compounding 📈
This is typically more stable and profitable.