By Adedapo Adesanya
The board of directors of top consumer goods company, PZ Cussons Nigeria Plc, has announced that it would be paying final dividend worth N595.6 million to its shareholders for the year ended May 31, 2019.
A breakdown of this payment showed that the company is paying a dividend of 15 Kobo per ordinary share, the same amount it paid to investors in the company for the 2018 financial year.
In a notice to the Nigerian Stock Exchange (NSE) signed on behalf of the company by Abiola Laseinde, the cash reward would be paid electronically to shareholders on Wednesday October 30, 2019.
However, this is subject to the approval of the shareholders at the company’s Annual General Meeting (AGM) fixed for Thursday, October 29, at the Bristol Palace Hotel in Turaini, Kano State, the disclosure emphasised.
The company further 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 quickly do so to be part of it.
In addition, shareholders have been advised to download, complete, and submit the Registrar’s E-Dividend Mandate Activation Form to the Registrar, First Registrars and Investor Service Limited, to complete the process.
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, the board stated that only shareholders whose names appear on the Register of Members as at the set qualification date, October 11, would be entitled to the dividends. It then said that the Register of Shareholders would be closed from Monday October 14 to Friday, October 18, 2019.
