Nigerian Breweries Recommends N19.4bn Dividend
Nigeria’s foremost brewer, Nigerian Breweries Plc, has recommended a total dividend of N19.401 billion for the 2018 financial year. The recommendation which amounts to a total dividend of N2.43 per ordinary share of 50 kobo each is a 100 per cent payout.
The Company attributed the 100 per cent dividend payout recommendation as a demonstration of its strong balance sheet and robust cash flow
Managing Director of the Company, Mr Jordi Borrut Bel, disclosed at the Pre-AGM press briefing in Lagos on Tuesday, May 7, 2019 that the company had earlier paid an interim dividend of N4.8 billion in October 2018, which amounted to 60 kobo per share. The final dividend will therefore be N14.6 billion, which comes to N1.83 per share…….read more
Source: Nigerian Tribune