Northern Nigeria Flour Mills Plc (NGX: NNFM) has announced a final dividend of N0.25 for every 50 kobo ordinary share, for the financial year ended 31 , 2023.
The dividend which is subject to the appropriate withholding tax and approval of shareholders will amount to a total of N44.55 million. The company has 178.2 million outstanding shares.
The company reported a profit for the year of N1.7bn (2024: N1.5 billion), from a revenue of N35.4 billion (2022: N26 billion).
The dividend yield at the time of the dividend announcement was 0.18%, at the current share price of N138.9.
The Shareholders of the company will be presented with a resolution to approve the dividend at the Company’s Annual General Meeting on 25th September, 2025.
A corporate actions announcement filed by NNFM seen by Investogist sets the dividend dates as follows;
- Qualification date: September 17, 2025
- Payment date: September 26, 2025
On September 26, 2025, the final dividend will be paid electronically to shareholders whose names appear on the Register of Members as at close of business on 17th September and who have completed the e-dividend registration and mandated the Registrar to pay their dividends directly into their Bank accounts.
The Company’s register is Atlas Registrars Limited, located at 34, Eric More Road, Iganmu Lagos.
Ifunanya Ikueze is an Engineer, Safety Professional, Writer, Investor, Entrepreneur and Educator.
