Shareholders Hail Transcorp Hotels for N12.45k Dividend Payment

March 23, 2018
transcorp hotels financial results

By Dipo Olowookere

The payment of N12.45k per share as final dividend for the year ended December 31, 2017 by Transcorp Hotels has been applauded by shareholders.

Chairman of the Progressive Shareholders Association of Nigeria (PSAN), Mr Boniface Okezie, described this as a good development.

According to him, the firm delivered an impressive result in its 2017 financial year despite the challenging economic climate in the hospitality business in the country.

He said the board, management and staff of Transcorp Hotels Plc deserved to be commended for this.

Speaking at the company’s fourth Annual General Meeting (AGM) held in Abuja, Mr Okezie stated that, “The management of the company is resourceful and committed as demonstrated in its profitable position every year.”

He attributed this to the firm’s 30 years of rich experience in providing superior luxury hospitality service.

“We applaud the company for the remarkable growth it recorded amidst socio-political and economic challenges that impacted negatively on hotel occupancy,” he said.

Mr Okezie said during the AGM, “The shareholders unanimously approved the board’s recommendation of a final dividend of N12.45k per share expressing their confidence in the company’s ability to deliver on expectations.”

Dipo Olowookere

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 [email protected]

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