Conoil Plc (NGX: CONOIL) has announced a final dividend of N2.50 for every share of 50k ordinary share for the period ended December 31, 2022.
The proposed dividend with a qualification date of May 30, 2022 is subject to appropriate withholding tax and shareholders approval.
On Friday, November 4, 2022, the dividend which amounts to N1.73 billion will be pad electronically to qualified shareholders 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 available of the Registrars website. The Registrar is Meristem Registrars.
In 2021, Conoil Plc grew its revenue by 7.9% to N126.73 billion from N117.47 billion in 2020. The profit for the year rose by 114% to N3.08 billion from N1.44 billion in 2020.
Conoil Plc has 693,952,117 outstanding shares and a market capitalization of N18.39 billion at the close of business on Friday, 23 September 2022. The equity price closed at N26.50 per share on the floor of the Nigerian Exchange.
The company’s Annual General Meeting will be held on Friday, 28 October 2022 at BWC Hotels Victoria Island, Lagos at 11:00am.
Ifunanya Ikueze is an Engineer, Safety Professional, Writer, Investor, Entrepreneur and Educator.