By Aduragbemi Omiyale
The equity price of Fidson Healthcare Plc has been modified by the Nigerian Exchange (NGX) Limited with 25 kobo deducted from its previous closing price.
The share value of the healthcare company ended on Wednesday, July 7, 2021, at N6.34 per unit but on Thursday, the stock opened at N6.09 per unit.
The reason for the adjustment was because of the 25 kobo dividend recommended by the board of the organisation to be paid to shareholders.
The qualification date for the cash reward was yesterday and as it is in the practice of the exchange, the value of the proposed dividend is removed at the close of business of the qualification date.
Today, the exchange informed the market about this development in a circular, which read, “The equity price of Fidson Healthcare Plc was adjusted today, July 8, 2021, for a dividend of N0.25 as recommended by the company’s board of directors.
“The last close price was N6.34 while the ex-div price is N6.09.”
Fidson will pay a total of N521.6 million to its shareholders as a dividend for the year ended 2020. The money would be paid on Thursday, July 29, 2021, after approval at the Annual General Meeting (AGM) fixed for Wednesday, July 28, 2021, at the Conference Centre, 2nd Floor, Fidson Towers, Lagos.
Adedapo Adesanya 
Dipo Olowookere