Berger Paints Nigeria Plc (NGX: BERGER) has proposed a final dividend of 70 Kobo per 50 Kobo ordinary share.
In a corporation actions announcement seen by Investogist, the company stated that the dividend will be subject to appropriate withholding tax and approval of shareholders.
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For the 2021 financial year, the company declared and paid a divided of 40 Kobo to shareholders. The price of each share of BERGER is currently N7.00 thus putting its dividend yield at 10%.
The qualification date for the dividend has been set at April, 26, 2023. On May 24, 2023, dividends will be paid electronically to shareholders whose names appear on the Register of Members as of April 26, 2023, and who have completed their 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 form which is available on the Registrar’s website at https://meristemregistrars.com and also on the Company’s website at http://bergerpaintsnig.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 Annual General Meeting will be held at the Lagos Marriot Hotel, 122 Joel Ogunnaike Street, Ikeja GRA, Lagos 100271 Nigeria on May 24, 2023 at 11.00 am.
The company posted a profit after tax of N208.67mn for the 2022 financial year, 54% higher than the N135.63mn it posted for the 2021 financial year.
Nnamdi Maduakor is a Writer, Investor and Entrepreneur
