By Adedapo Adesanya
The board of directors of Flour Mills Nigeria Plc has proposed to pay N1.20k per share as dividend to shareholders of the company for the year ended March 31, 2019.
A statement issued by the flour miller said the cash dividend would be paid electronically to shareholders on Friday, September 6, 2019.
However, this is subject to the approval of the shareholders at the company’s Annual General Meeting (AGM) fixed for Wednesday, September 4, 2019 at the Grand Ball Room of the Eko Hotels and Suite, Lagos.
Flour Mills stated that to receive the payment, shareholders who are yet to complete the electronic dividend registration and mandate the Registrar to pay directly into their back accounts should do so.
They have been advised to download, complete, and submit the Registrar’s E-Dividend Mandate Activation Form to the Registrar, Atlas Registrars Limited, or their respective banks.
The company has also called on shareholders with dividend warrants and unclaimed shares to complete the e-dividend registration or contact the Registrar.
In the notice to the Nigerian Stock Exchange (NSE) on Tuesday, the board stated that only shareholders whose names appear on the Register of Members as at the set qualification date, August 6, would be entitled to the dividends.
It said the Register of Shareholders would be closed from Monday, August 12, 2019 to Friday, August 16, 2019.
Dipo Olowookere