One of the largest food and beverage companies in Africa, Nestle Nigeria Plc, has announced the payment of a total ₦19.81 billion as interim dividend to its shareholders.
The company is expected to pay an Interim dividend of N25 per share will be paid for all the outstanding 792,656,252 ordinary shares of the company. This equals N19.18 billion.
This information is contained in a notification which was signed by the Company’s Secretary, Bode Ayeku, and sent to the Nigerian Stock Exchange today.
The notification partly reads:
“An Interim Dividend of N25.00 per 50 kobo ordinary share, subject to appropriate withholding tax will be to the shareholders whose names appear on the Register of Members as at the close of business on 20 November.”
What you should know
- The Interim dividend of N25 per share will be paid for all the outstanding 792,656,252 ordinary shares of the company owned by the shareholders of the leading telecommunications company. This gives a total interim dividend of ₦19,816,406,300.00, to be distributed to the shareholders of the company.
- To enable Greenwich Registrars & Data Solutions, Nestle’s Registrar, prepare for the payment of interim dividend, the Register of Shareholders will be closed from 23 – 27 November 2020.
- The interim dividend will be paid electronically to shareholders whose names appear on the Register of Members as of 20th November 2020, on or around 7th December, 2020.
- Shareholders who are yet to complete the e-dividend registration are advised to download the Registrar’s E-dividend Mandate Activation Form, complete and submit to their respective banks.
- Shareholders with dividend warrants and share certificates that have remained unclaimed, are yet to be presented for payment, or returned for validation are advised to complete the e-dividend registration or contact the Registrars.