Nigerian Breweries Announces N1.51 Per Share Dividend

Nigerian Breweries shares

By Dipo Olowookere

The board of Nigerian Breweries Plc has proposed the payment of a final dividend of N1.51 each to shareholders of the company.

This cash reward is for the financial year ended December 31, 2019 and would be paid only to those whose names appeared on the register of members as at the close of business on March 4, 2020.

In a disclosure, the brewery giant said this register of members will be closed from March 5 to 11, 2020, with both dates inclusive, while the payment would be done on April 23, 2020, electronically only to qualified shareholders, who have also completed the e-dividend registration and mandated the registrar, First Registrars and Investor Services Limited, to  pay their dividends directly into their bank accounts.

However, it stressed that before the dividend is paid, shareholders of the company will have to approve it at an Annual General Meeting (AGM) fixed for April 22, 2020 at the Shell Hall, Muson Centre, Lagos by 10am.

Nigerian Breweries, therefore, advised shareholders of the firm who are yet to complete the e-dividend registration to download the registrar’s E-Dividend mandate Activation Form, which is available at https://firstregistrarsnigeria.com/wp-content/uploads/2015/06/E-Dividend-New-1.pdf, complete same and submit to the registrar of their respective banks to receive the cash reward.

It also said shareholders with dividend warrants and share certificates that have remained unclaimed, or are yet to be presented for payment or returned for validation are advised to complete the e-dividend registration or contact the registrar.

Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan. Mr Olowookere can be reached via dipo.olowookere@businesspost.ng

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