A total payout of N3.2 billion to investors is the interim dividend of N0.40 per ordinary share to investors as announced by the Nigerian Breweries PLC.
The N0.40 interim dividend is 60% higher than last year’s N0.25 interim dividend.Last year’s total dividend was N0.94.
The company said in a note to the Nigerian Exchange Limited on Thursday that the N0.40 interim dividend is subject to withholding tax deduction and will be paid to shareholders whose names appear in the register of members as of the close of business on November 19.
Shareholders registration will come to an end from November 22 to November 26 in order to prepare for the dividend payment on December 3.
The firm urged shareholders who are yet to complete the e-dividend registration to download, complete and submit the Registrars E-Dividend Mandate Activation Form at https://firstregistrarsnigeria.com/wp-content/uploads/2015/06/E-Dividend-New-1.pdf, or submit to their respective banks.
Also, the beer–maker asked shareholders with dividend warrants and share certificates that have remained unclaimed, or are yet to be presented for payment or returned for validation to contact the registrar.
The Nigerian breweries’ shares closed trade in Lagos on Friday at N53 recording a N1.25 (2.3%) decline from N54.25 traded on Thursday.
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