Construction giant, Julius Berger Nigeria Plc (NGX: JBERGER) has proposed a final dividend of N2.50 per 50 kobo share for the financial year ended 31 December 2021.
The dividend announcement is contained in a Corporate Actions Announcement published on Friday. The proposed dividend is subject to shareholders’ approval at the company’s Annual General Meeting.
It is also subject to a 10% withholding tax. Each shareholder is poised to receive a net dividend cash payment of N2.25.
Also read; List of Dividends announced in 2022, qualification and payment dates
At the current share price of N26.00, the dividend yield will be 9.61% before withholding tax, and 8.65% after the deduction of withholding tax.
To qualify for the dividend, the shareholder’s name must appear in the Register of Members as at the close of business on the 27 May 2022.
On 17 June 2022, dividends will be paid electronically to shareholders whose names appear on the Register of Members as at 27 May 2022 and who have completed the e-dividend registration and mandated the Registrar to pay their dividends directly into their Bank accounts.
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: www.gtlregistrars.com, complete and submit to the Registrar or their respective Banks.
Shareholders with dividend warrants and share certificates that have remained unclaimed, or are yet to be presented for payment or returned for validation were also advised to complete the e-dividend registration or contact the Registrar.
The Company’s Annual General Meeting will be held at the Shehu Musa Yar’Adua Center, No. 1, Memorial Drive, Abuja, Federal Capital Territory on Thursday 16 June 2022 at 11.00 a.m.
Nnamdi Maduakor is a Writer, Investor and Entrepreneur
