The Board of Directors of Africa Prudential Plc, Nigeria’s main registrar and a key participant within the capital market, has proposed the fee of N1 billion as dividend to qualifying shareholders of the corporate.
This is in keeping with the resolution made on the Company’s Board assembly which held on Thursday, February 18, 2021, because the Board resolved to pay a dividend of fifty Kobo per bizarre share, amounting to N1,0000,000,000 (One billion Naira solely).
It is crucial to know that the dividend really useful by AfriPrud’s Board is topic to acceptable Withholding Tax, and the approval of shareholders on the Company’s Annual General Meeting.
What it’s best to know
- The dividend really useful by the board of AfriPrud in 2020 is 28.57% decrease when in comparison with the full dividend of 70 kobo per share paid to shareholders last year for 2019.
- It is vital to notice that the dividend declared is topic to acceptable withholding tax and the approval of shareholders on the Company’s subsequent Annual General Meeting.
- However, with a share price of N7.3 per share on the shut of buying and selling actions on the ground of NSE for final week, the dividend yield of the corporate stands at 6.85%.