CSCS Proposes N1.78 Dividend for 2025 Financial Year

By Adedapo Adesanya

Nigerian security depository company, Central Securities Clearing System (CSCS) Plc, has disclosed plans to pay N1.78 in dividends to shareholders for the 2025 financial year.

This was disclosed by the company in a notice to the NASD Over-the-Counter (OTC) Securities Exchange, where it trades its securities.

The notice indicated that the proposed dividend would be paid to those who hold the stocks of the company as of the qualification date for the dividend, which is today, Thursday, April 9. This means only those who hold the company’s shares as of the closing session will be eligible to receive the stipulated dividend payment.

The payment will be subject to the approval of shareholders at the Annual General Meeting (AGM) of the company scheduled for Thursday, April 23, 2026.

According to the notice, the AGM will be held at the Civic Centre, located at Ozumba Mbadiwe Road, Victoria Island, Lagos, at 10:00 a.m.

If the dividend payment is approved at the meeting, shareholders of the company will be credited on the same day as the annual general meeting.

The notice noted that the closure of the company’s register will be on Friday, April 10, through Tuesday, April 14, 2023, all days inclusive.