Cadbury Nigeria Plc has announced a final dividend payment of N0.25 kobo per N0.50 kobo ordinary shares. This, according to the company, is subject to appropriate withholding tax.
Come Wednesday, June 19, 2019, the dividends will be paid electronically to shareholders whose names appear on the Register of Members as at Friday, May 17, 2019. Also, shareholders who have completed the e-dividend registration and mandated the Registrar to pay their dividends directly into their Bank accounts will receive their dividends on the above date.
The Register of Shareholders will be closed from Monday, May 20, 2019, to Friday, May 24, 2019, both days inclusive.
A dividend is a payment made by a corporation to its shareholders, usually as a distribution of profits. When a company earns a profit or surplus, the corporation is able to re-invest the profit in the business (called retained earnings) and pay a proportion of the profit as a dividend to shareholders.
Distribution to shareholders may be in cash (usually a deposit into a bank account) or, if the corporation has a dividend reinvestment plan, the amount can be paid by the issue of further shares or share repurchase.
In other words, a dividend is allocated as a fixed amount per share with shareholders receiving a dividend in proportion to their shareholding. For the joint-stock company, paying dividends is not an expense; rather, it is the division of after-tax profits among shareholders.
Cadbury financial results
The company’s results for the 2018 financial year show revenue increased from N33 billion in 2017 to N35.9 billion in 2018.
Profit before tax jumped from N350 million in 2017 to N1.2 billion in 2018. Profit after tax rose from N299 million in 2017 to N823 million in 2018.
About Cadbury Nigeria Plc
Cadbury Nigeria Plc is a food, sweets and drink company headquartered in Lagos, Nigeria and trades on the Nigerian Stock Exchange (NSE).
The company currently trades N10.80 on the floor of the NSE.