Julius Berger Nigeria Plc has proposed a final dividend of N2 per 50 kobo share, subject to shareholders’ approval and proper withholding tax. Dividends will only be paid to shareholders whose names appear in the Register of Members as at the close of business on May 29, 2020.
Proposed Bonus: The company also proposed a proportion of 1 new ordinary share for every 5 existing ordinary shares held.
Closure of register: Note that Julius Berger’s register of shareholders will be closed on June 1 to June 3, 2020, for the purposes of dividend and scrip.
The qualification date and transfer date is May 29, 2020.
Date of payment: On June 19, 2020, dividends will be paid electronically to shareholders whose names appear on the Register of Members as at 29 May 2020, and who have completed the e-dividend registration. Shareholders should also ensure to mandate the Registrars to pay their dividends directly into their bank accounts.
Financial results for 2019
According to Julius Berger’s audited financial statement for FY 2019 which was released to the Nigeria Stock Exchange months ago, a turnover of N264.56 billion was recorded, indicating a 35.94% increase when compared to the turnover of N194.62 billion recorded in 2018.
Profit before Tax also increased by 44% to N14.68 billion from N10.2 billion recorded in 2018.
Julius Berger Nigeria Plc is a Nigerian construction company, headquartered in Abuja, with added permanent locations in Lagos and Uyo. The company’s projects are represented across Nigeria in the form of structural engineering and infrastructure works. in Southern Nigeria, it is also involved in domestic and international oil and gas industry projects.