Nigerian Breweries Plc has announced a dividend payout of N1.51 per ordinary share of 50 kobo each. This is for the financial year ended December 31st, 2019.
In a public disclosure that was issued to the Nigerian Stock Exchange earlier, the brewer stated that the proposed dividend would be subject to appropriate withholding tax. Shareholders are also expected to approve the dividend during the company’s annual general meeting that has been scheduled to hold on April 22nd.
Note that only shareholders whose names appear on the register of members by March 4th will receive payment. The register of members will become closed starting from March 5th till March 11th.
All things being equal, the company’ shareholders should expect their money to be transferred to their bank accounts by April 23rd. This will be exactly one day after the dividend must have been approved during the company’s slated AGM. Once again, there is another proviso – only shareholders who have completed their e-dividend registration will be qualified to receive payment.
Shareholders who have not completed their e-dividend registration are advised to download the Registrar’s E-Dividend mandate activation form, fill it, and submit same to the registrar.
You may contact the registrar (I.e., First Registrars and Investor Services Limited) at Plot 2, Abebe Village Road, Iganmu, Lagos. You may also call them on 01-27011079 or 01-2799880 or send an email to [email protected].
Nigerian Breweries recently released its audited financial report for the full year ended December 31st 2019. The report showed that the company’s revenue decreased by 0.4% to N323 billion, down from N324.3 billion in 2018. Profit for the period also reduced by 17.0% to N16.1 billion, down from N19.4 billion.
Nigerian Breweries Plc was incorporated in 1946 and is currently the leading brewer in Nigeria by market share, according to an earlier analysis by Nairametrics. The company’s share price ended today’s trading on the Nigerian Stock Exchange at N51.50.