Guinness Nigeria Plc (NGX: GUINNESS) will pay a final dividend of N7.14k per 50k ordinary share held by its shareholders for the financial year ended 30 June 2022. This is according to a corporate action by the company published on the Nigerian Exchange Limited.
The proposed dividend which is subject to appropriate withholding tax and approval will be paid to shareholders whose names appear in the Register of Members as at the close of business on the 23rd of September 2022.
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The share price of Guinness Nigeria Plc stood at N90.50 at the close of trading on Friday, thus the proposed dividend will give a Dividend Yield of 7.88%, without the exclusion of withholding tax.
Investopedia defines dividend yield as a financial ratio that tells you the percentage of a company’s share price that it pays out in dividends each year.
On 26th October 2022, dividends will be paid electronically to shareholders whose names appear on the Register of Members as at 23rd September 2022, 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 download the Registrar’s E-Dividend Mandate Activation Form, which is also available on our Registrars’ website: https://www.veritasregistrars.com/Downloads/new-e-dividend.pdf, 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 Company’s Annual General Meeting will be held at a venue to be confirmed in Lagos, on Tuesday, 25th October 2022 at 11am.
Nnamdi Maduakor is a Writer, Investor and Entrepreneur
