Industrial & Medical Gases Nigeria Plc (NGX: IMG) has declared a final dividend of N0.40 for every share of 50k for the 2022 financial year ended 31st December, 2022.
The dividend will be subject to appropriate withholding tax and approval of shareholders. For the 2021 financial year, the company issued a stock dividend of one for every five shares.
Also read; List of Dividends announced in 2023, qualification and payment dates
IMG posted a profit of N448.34 million for the year, an improvement on the N372.02 million profit reported in 2021. The current share price of IMG is N7.30, thus putting its dividend yield at 5.47%.
The dividend will be paid to shareholders whose names appear in the Register of Members as at the close of business on 14th day of April, 2023.
On 25th July 2023, dividends will be paid electronically to shareholders whose names appear on the Register of Members as at 6th July 2023 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.firstregistrarsnigeria.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 are advised to complete the e-dividend registration or contact the Registrar.
The Company’s Annual General Meeting will be held at Sheraton Lagos Hotel on the 21st July 2023 at 10am.
Nnamdi Maduakor is a Writer, Investor and Entrepreneur
