Flour Mills of Nigeria Plc (NGX: FLOURMILL) has announced a final dividend of N2.25 (2022: N2.15) for every 50 kobo ordinary share, for the financial year ended 31 March, 2023.
Also read; List of Dividends announced in 2023, qualification and payment dates
The dividend which is subject to the appropriate withholding tax and approval of shareholders will amount to a total of N9.23 billion (2022: N8.82 billion).
Flour Mills reported a profit for the year of N29.50bn (2022: N28.01 billion), from a revenue of N1.53 trillion (2022: N1.16 trillion).
The dividend yield at the time of the dividend announcement was 6.94%.
The Shareholders of the company will be presented with a resolution to approve the dividend at the Company’s Annual General Meeting on 9th November, 2023, at Lantana Hall, Eko Hotel & Suites, Victoria Island Lagos.
A corporate actions announcement filed by Flour Mills seen by Investogist sets the dividend dates as follows;
- Qualification date: October 13, 2023
- Payment date: November 10, 2023
On Friday, November 10, 2023, the final dividend will be paid electronically to shareholders whose names appear on the Register of Members as at close of business on Thursday, October 13, 2023 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.
Nnamdi Maduakor is a Writer, Investor and Entrepreneur
