Africa Prudential Plc (AFRIPRUD) has announced a dividend payout of N1 billion at N0.50 kobo per 50 kobo ordinary share for the financial year ended December 2021.
According to filing at the Nigerian Exchange Limited (NGX) seen by Business Metrics, the dividend is subject to appropriate withholding tax and approval by shareholders, with a qualification date of March 11th, 2022.
On Wednesday, March 23, 2022, the dividend will be disbursed electronically to ordinary shareholders whose names appear on the Register of Members as at Friday, March 11th 2022, and those who have completed the e-dividend registration and mandated the Registrar to pay their dividends directly into their bank accounts
The e-dividend mandate form can be downloaded or filled online on the registrar’s website.
Africa Prudential Plc has 2,000,000,000 outstanding shares and a market capitalization of N13 billion as at the time of filing this report.
The company’s shares opened trading on 1st of March, 2022 at N7.00 per share and closed at N6.50 per share.
It was earlier reported that Africa Prudential Plc posted a gross earnings of N3.52 billion for the 2021 financial year, according to its audited financial report filed with the Nigerian Exchange Limited (NGX).
However, the report showed that profit after tax declined by 2.17 per cent from N1.45 billion corresponding period of 2020 to N1.41 billion in the current period, just as earnings per share was recorded as 71 kobo against 72 kobo recorded in the corresponding period of 2020.
Year-to-date, the company’s shares have improved by 2.36 per cent from N6.35 at the beginning of the year to N6.50 as at the close of the market on Wednesday.
