Nestle declares N28.1bn dividend as pandemic impacts operations

Nestle declares N28.1bn dividend

Nestle declares N28.1bn dividend as pandemic impacts operations   Nestle Nigeria Plc, leading consumer goods company, has reported positive performance metrics for the year ended December 31, 2020, albeit the performance reflected the harsh economy environment caused by Coronavirus pandemic in the year. The company has just declared payment of N28.1 billion to its shareholders as the final dividend for the period ended 31st December 2020. According to the announcement made available to its shareholders and the investing public via the website of the Nigerian Stock Exchange, Nestle is expected to pay…

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Shareholders of Custodian Investment to share N2.65bn as dividend

Custodian Investment

Shareholders of Custodian Investment to share N2.65bn as dividend     The Board of Directors of Custodian Investment Plc has announced the payment of a final dividend of 45 kobo for every share of 50 kobo held by shareholders, a filling by the company at the Nigerian Stock Exchange (NSE) stated on Monday. With its share outstanding at 5,881,864,195, the investment holding company with interest in life insurance, general insurance, pensions, trustees, property and financial service will be paying a sum of N2.65 billion as total dividend for the year…

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2020: Vitafoam shareholders to share N979.4m as dividend

Viatfoam

2020: Vitafoam shareholders to share N979.4m as dividend   Shareholders of Vitafoam Nigeria Plc are set to be rewarded from the gains of the operations of the company in 2020, despite the general economic downturn triggered by Coronavirus pandemic in the year. On the strength of the company’s outstanding performance last year, its board has recommended a cash dividend of N979.4 million for 2020, 64.5 per cent above N595.4 million paid in 2019. The current dividend translates into 70 kobo per share as against 42 kobo paid in the preceding…

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Nigerian Breweries offers shareholders N1.9bn interim dividend

Nigerian Breweries heads to A’Court over N169m haulage fees judgment

The board of Nigerian Breweries Plc has recommended an interim dividend of N1.9 billion with a payout of 25 kobo per share, from its N7.05 billion net profit reported at the end of its operations for the nine-month ended September 30, 2020. The interim dividend is payable on Tuesday, December 1, 2020 to all shareholders registered in the books of the company as of Friday, November 20, 2020 According to the unaudited results filed at The Nigerian Stock Exchange (NSE), net revenue was flat at N234 billion, compared to the…

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Conoil shareholders get N1.39bn dividend

Conoil shareholders get N1.39bn dividend

Shareholders of Conoil Plc have approved the payment of N1.39 billion dividend proposed by the board of the oil marketing company. This came on the back of appreciable performance recorded in the 2019 financial year, and thus, the shareholders will get 200 kobo on every 50 kobo ordinary share. At the virtual 50th Annual General Meeting (AGM) of the company held by proxies at the weekend in Lagos, the shareholders were unanimous in their commendation for performance of the Board and Management and for the consistency in the payment of…

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Shareholders of Dangote Cement shared N1trn dividends in 7 years

Being a shareholder of Dangote Cement Plc must have been rewarding as the company disclosed that it has paid over N1 trillion as dividend to its shareholders in the last seven financial years. According to Guillaume Moyen, the company’s group financial officer, Dangote Cement had succeeded growing the wealth of its shareholders as it focused on growing the Nigerian economy over the years. A breakdown of the seven-year dividend history gleaned from the company’s financial statements indicated that N51.1 billion was paid in 2013, N119.3 billion in 2014, N102.2 billion…

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Nigerian Breweries pays N16.1bn annual dividend to shareholders

NB, Nigerian Breweries, Dividend

Shareholders of Nigerian Breweries Plc have approved a total dividend of N16.1 billion for the year ended December 31, 2019 at the rate of N2.01 per share. This followed approval of the proposed dividend by the shareholders of the company at the its 74th Annual General Meeting (AGM) in Lagos recently. The Chairman of the company, Chief Kola Jamodu, said the company had earlier paid an interim dividend of N3.99 billion, translating to 50 kobo per share, in December 2019. He said the final dividend of N12.1 billion, translating to…

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Dangote encourages shareholders to claim N3bn unclaimed dividends

Dividend, Uncalimed dividends, Dangote, shareholders

The Founder and Chairman of Dangote Group, Aliko Dangote, has asked shareholders to quickly lay hold to the sum of N3.39 billion unclaimed dividends. The business magnate made this call at the 11th Annual General Meeting of Dangote Cement which held on Monday in Lagos. The AGM was streamed virtually. A shareholder, Sunny Nwosu, reportedly brought this to the fore as he noted that some money was left untouched in the account, amounting to N3.5 billion. Nwosu then asked Dangote, who presided over the meeting, to do something about it…

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