The Board of Flour Mills of Nigeria Plc (FMN), has announced the payment of N6.8 billion to its shareholders as the final dividend for the period ended 31st of March 2021.
According to a notice filed with the Nigerian Exchange Limited (NGX), Flour Mills of Nigeria Plc is expected to pay a final dividend of N1.65 per share on all the outstanding 4,100,379,605 ordinary shares of the company. This brings the total dividend payout to qualified shareholders to N6.8 billion.
In addition, the notice also revealed that the dividend will be paid electronically to shareholders on the 9th of September, 2021, subject to appropriate withholding tax and approval at the Company’s Annual General Meeting scheduled to hold on 8th of September, 2021 at Eko Hotels and Suites, Lagos, by 2:00 pm prompt.
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