Shareholders of Vitafoam Nigeria Plc will obtain a remaining dividend of N1.56 per Odd Share of fifty kobo every for the monetary yr ended 2023 which interprets to a complete dividend of N1.95 billion.
This was contained within the firm’s company motion announcement to the Nigerian Alternate Restricted (NGX) and obtained by the Nairametrics.
Topic to shareholders approval:
In response to the corporate, the dividend is topic to shareholders’ approval and acceptable withholding tax might be paid by shareholders whose names seem within the Register of Members as on the shut of enterprise on Monday twelfth February 2024.
In response to the assertion signed by the corporate, on Thursday seventh March 2024, dividends might be paid electronically to shareholders whose names seem on the Register of Members as of February twelfth, 2024, and who’ve accomplished the e-dividend registration and mandated the Registrars to pay their dividends instantly into their Financial institution accounts.
Recommendation to shareholders:
Shareholders who’re but to finish the e-dividend registration are suggested to obtain the Registrar’s E-Dividend Mandate Activation Kind, which can also be obtainable on the web site of the Registrars.
Shareholders with dividend warrants and share certificates which have remained unclaimed, or are but to be offered for cost or returned for validation are additionally suggested to finish the e-dividend registration or contact the Registrar.
What it is best to know:
Vita foam Nigeria Plc has grown its income to N52.9 billion in 2023, from N46. 3 billion in 2022, a rise of 14% regardless of the headwinds that characterised the working setting.
In response to the corporate. In keeping with its coverage of shareholder worth, the board has proposed a dividend of N1.95 billion which interprets to N1.56 kobo per Odd Share of fifty kobo every for the shareholders’ approval on the Annual Common Assembly (AGM) in Lagos.
The Firm’s complete property within the evaluate interval additionally rose to N49.6 billion from N39.4 billion in 2022.
