For the fiscal year that concluded in December 2023, Presco Plc shareholders will get a total dividend of N26.300 billion, or a total dividend of N26.30 kobo per share, as announced by the company’s board of directors.
During the reviewed year, the Board of Directors distributed an interim dividend of N2.00 per 50 kobo share.
In accordance with the authority granted to it by section 426 of the Companies and Allied Matters Act (CAMA 2020) of Nigeria, the Presco Board of Directors has also proposed a final dividend of N24.30 per share for the approval of the company’s shareholders at the Annual General Meeting (AGM).
The total dividend represents 199% growth over N8.800 billion the company paid in 2022.
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This was contained in the company’s corporate action announcement to the Nigerian Exchange Limited (NGX) and obtained by THE MATRIX
Subject to shareholders’ approval: According to the company, the final dividend is subject to the appropriate withholding tax and will be will be paid to shareholders whose names appear in the Register of Members as at the close of business on 14th of May 2024
This will be presented at the next Annual General Meeting for Shareholders ratification and approval
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The statement signed by the company noted that on Thursday 30th Mau, 2024, the final dividend of N24.30 50 kobo share cash dividend will be paid electronically to shareholders whose names appear on the Register of Members as at close of business on 14th May 2024, and who have completed the e-dividend registration and mandated the Registrar to pay their dividends directly into their Bank accounts.
Advice to shareholders: Shareholders who are yet to complete the e-dividend registration are advised to download the Registrar’s E-Dividend Mandate Activation Form, which is also available on the website of the Registrars.
Shareholders with dividend warrants and share certificates that have remained unclaimed, or are yet to be presented for payment or returned for validation are also advised to complete the e-dividend registration or contact the Registrar.
