NASCON Allied Industries Plc (NGX: NASCON), a subsidiary of Dangote Industries Limited has announced a dividend of N1.00 per share for the 2022 financial year ended 31st December, 2022.
Also read; List of Dividends announced in 2023, qualification and payment dates
The N1.00 dividend which subject to appropriate withholding tax and shareholder’s approval is more than double the 40 kobo per share dividend paid for the 2021 financial year.
With its share price at N12.20, the announced dividend will give a 8.19% dividend yield. The qualification date for the dividend has been set as 28th April, 2023.
By 26 May, 2023, dividends will be paid electronically to shareholders whose names appear in the Register of Members as at 28 April, 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 complete the Registrar’s EMandate Activation Form, which is available in the Annual Report and at www.meristemregistrars.com and submit it to the Registrar or their respective banks.
Shareholders with dividend warrants and share certificates that have remained unclaimed, been returned for validation or are yet to be presented for payment, are advised to complete and submit the e-dividend registration form to the Registrar.
The AGM will be held at on 26 May, 2023 at Civic Centre, Victoria Island, Lagos, at 11.00 am, where the dividend proposal will be presented to shareholders for their approval.
NASCO posted a profit of N5.46bn for the 2022 year, significantly higher than the N2.97bn it reported in 2021.
Its earnings per share as reported is N2.06, out of which is it paying the N1.00 dividend. In 2021, it posted an earnings per share of N1.12 and paid a dividend of N0.40.
Nnamdi Maduakor is a Writer, Investor and Entrepreneur
