CCNN Rewards Shareholders with N1.25k per Share Dividend

By Dipo Olowookere

The board of Cement Company of Northern Nigeria (CCNN) Plc has decided to reward shareholders of the firm through the payment of dividend.

The company’s highest decision making organ is proposing to pay shareholders a dividend of N1.50k per 50k ordinary share, subject to appropriate withholding tax and approval of the shareholders at the Annual General Meeting (AGN) scheduled for next month in Lagos.

The firm said in a notice to the Nigerian Stock Exchange (NSE) that the dividend would only be paid to shareholders whose names appear in the Register of Members as at the close of business on June 15, 2018.

“On June 29, 2018, dividends will be paid electronically to shareholders whose names appear on the Register of Members as at Friday, June 15, 2018, and who have completed the e-dividend registration and mandated the Registrar to pay their dividends directly into their bank accounts,” the notice said.

The AGM has been fixed to take place on Thursday, June 28, 2018 by 11am at the Lantana Hall of Eko Hotel and Suites, Victorian Island, Lagos.