Africa Prudential proposes dividend of N1 billion for shareholders |

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The Board of Directors of Africa Prudential Plc has proposed a sum of N1 billion as dividend for shareholders for the interval ended thirty first of December 2020.

This is in response to a disclosure signed by the agency’s secretary, Joseph Jibunoh and despatched to the Nigerian Stock Exchange, as seen by Nairametrics.

According to the notification, the proposed dividend will likely be paid electronically to certified shareholders on the twenty sixth of March, 2021, topic to applicable withholding tax and approval from the corporate’s Annual General Meeting (AGM) scheduled a day earlier.

The breakdown of the proposed dividend reveals {that a} sum of fifty kobo will likely be paid for every excellent 2,000,000,000 peculiar shares of the corporate, held by its shareholders, totalling N1 billion. The proposed dividend is 28.6% decrease than the 2019 figures of N1.4 billion.

The comparative decline within the firm’s proposed dividend for the 12 months could be attributed to a current dip in revenue and different key metrics recorded by the agency in its newest audited monetary assertion for 2020. For instance, the agency posted a revenue of N1.45 billion for the 12 months, indicating a decline of 13.98% YoY. In addition, its earnings per share declined by 14.29% to print at 72 kobo.

What you need to know

  • Africa Prudential had just lately announced the appointment of Mrs Zubaida Rasheed as Director.
  • Africa Prudential Plc, previously often known as UBA Registrars Ltd, was integrated as a non-public restricted legal responsibility firm on twenty third March 2006. It was listed within the NSE on seventeenth of January, 2013.

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