Africa Prudential Plc has announced its proposed plans to pay a gross dividend of ₦1 billion. The payment of dividend represented 0.50 kobo per ordinary share of 50 kobo each.
On Tuesday, March 26, 2019, the dividends will be paid electronically to shareholders whose names appear on the Register of Members as at Wednesday, March 13, 2019, and those who have completed the e-dividend registration and mandated the Registrar to pay their dividends directly into their Bank accounts.
The dividend, according to Africa Prudential, is subject to the deduction of the appropriate withholding tax and approval of shareholders at the Annual General Meeting of the Company on March 26, 2019.
However, the Register of Members will be closed from Thursday, March 14, 2019, to
Wednesday, March 20, 2019. More so, the qualification date has been scheduled to be Wednesday, March 13, 2019.
This dividend payment will no doubt be a warm welcome for Africa Prudential Plc’ shareholders, as the company recorded laudable financial results for the year ended December 31, 2018.
In the audited results, Africa Prudential recorded gross earnings of N4.4 billion in 2018 as against N3.3 billion for the corresponding period of 2017.
Profit before tax stood at N2.4 billion as against N2.1 billion for the corresponding period of 2017. Profit after tax stood at N1.9 billion in 2018 as against N1.7 billion for the corresponding period of 2017.
About the company
Africa Prudential Plc was originally incorporated as UBA Registrars Limited on the 23rd of March 2006. The company subsequently changed its name to Africa Prudential Registrars Plc in August 2011 and was listed on the NSE in January 2013. To expand its business portfolio, the firm acquired UAC Registrars Limited in June 2013.
The company changed its name to Africa Prudential Plc, following a special resolution passed by shareholders to reflect the firm’s expansion beyond registrar services.
Africa Prudential Plc closed trading at N4.84 on the floor of the Nigerian Stock Exchange (NSE).