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    FG approves 300% increase in electricity tariff

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    Breaking: US and EU agree trade deal

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    How to register for Nnamdi Azikiwe University’s 2025/2026 Post-UTME and Direct Entry Screening

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    Nnamdi Azikiwe University’s guidelines for 2025/2026 POST-UTME, Direct entry screening exercise

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    FG denies JSS1 admission age rumors, confirms 10-year minimum

    FG approves 300% increase in electricity tariff

    Enugu State Electricity Regulator lacks power to reduce electricity tariff – NERC

    UK bans Nigerian students and others from bringing family

    UK stops issuing new Health and Care Worker visas to foreign workers

    Trump wins a resounding victory in first Republican primary in Iowa

    Trump secures U.S. – Japan strategic trade and investment agreement

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    • Africa
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    • Economic Data
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    “CBN plans to shut down financial transactions” – Apex Bank warns of fake news

    CBN’s Monetary Policy Committee retains interest rate at 27.50%

    President Tinubu approves establishment of South-East Investment Company

    President Tinubu approves establishment of South-East Investment Company

    UK tightens visa rules for care workers, skilled workers and students

    UK tightens visa rules for care workers, skilled workers and students

    United States scraps visa dropbox service for Nigerian applicants

    President Donald Trump cancels protection for 500,000 Haitian migrants

    Spain golden visa scheme ends as Portugal and Greece demand increases

    Spain golden visa scheme ends as Portugal and Greece demand increases

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    CBN ends free ATM withdrawals for other banks’customers

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FCMB will pay 20 kobo dividend to shareholders for 2021 financial year

Sunday, 3 April 2022, 5:45 pm
in Business, Companies, Markets, Stocks/Equities
0
FCMB Group report N7.55bn Profit for the 2021 H1 Period, 22.10% decline YoY
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FCMB Group Plc (NGX: FCMB) has announced a proposal to pay its shareholders a dividend of 20 kobo per ordinary share for the 2021 financial year ended 31 December 2021. The dividend proposal is contained in a corporate actions announcement published by the banking group.

The dividend proposal is subject to appropriate withholding tax and approval of shareholders at the next Annual General Meeting. The qualification date for the dividend is 14th April, 2022 and payment will be made on 27th April, 2022.

Read also; List of Dividends announced in 2022, qualification and payment dates

On Wednesday, 27 April 2022, dividends will be paid electronically to shareholders whose names appear on the Register of Members as at the close of business on Thursday, 14 April 2022, and who have completed the e-dividend registration and mandated the Registrar to pay their dividends directly into their Bank accounts.

At the current share price of N3.30 for FCMB shares, the dividend yield will stand at 6.06% before withholding tax. With the deduction of 10% withholding tax, the net cash dividend per ordinary share receivable by shareholders will be 18 kobo. That will put the real dividend yield at 5.45%.

The dividend yield is a financial ratio that tells you the percentage of a company’s share price that it pays out in dividends each year.

Shareholders who are yet to complete the e-dividend registration are advised to download the form from the Registrars’ website (www.cardinalstone.com) complete and submit to the Registrars 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 on Wednesday, 27 April 2022 at the registered office, First City Plaza, 44 Marina, Lagos at 11.00 a.m with attendance by Proxies.

Nnamdi Maduakor
Nnamdi Maduakor

Nnamdi Maduakor is a Writer, Investor and Entrepreneur

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