In a statement to the Nigerian Stock Exchange (NSE), Nigeria Breweries declared a final dividend of 2.58 Naira per share for the financial year ended 2016. These are highlights of the statement:

  • Shareholders who qualify will be those in the books of the company’s register as at 8th march 2017.
  • The company’s register will be closed from Thursday 9th of March 2017 to Wednesday 15th of March 2017 to update its list of members.
  • The company had earlier paid a dividend of 1.00 naira in October 2016. Total dividend recommended for the year is thus 3.58 naira.
  • Directors are also recommending the option of receiving new ordinary shares instead of final dividends.
Onome Ohwovoriole has a degree in Economics and Statistics from the University of Benin and prior to joining Nairametrics in December 2016 as Lead Analyst had stints in Publishing, Automobile Services, Entertainment and Leadership Training. He covers companies in the Nigerian corporate space, especially those listed on the Nigerian Stock Exchange (NSE). He also has a keen interest in new frontiers like Cryptocurrencies and Fintech. In his spare time he loves to read books on finance, fiction as well as keep up with happenings in the world of international diplomacy.

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