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    All diaspora remittances must be received by beneficiaries in foreign currency only – CBN

    BREAKING: CBN extends deadline for old naira notes

    North-West, South-West lead as INEC registers 96.2 million, Rivers overtakes Katsina

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    How Osun state governor, Adeleke was sacked by tribunal

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    Adeleke reacts to his removal as Osun state governor

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    JUST IN: Tribunal annuls Adeleke’s election, declares Oyetola Osun gov

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    • Nigeria
    • Africa
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    • All
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    • Economic Data
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    Nigeria’s total public debt rises by over 20% YoY to N32.92 trillion

    FG explains why Nigeria’s total debt will rise to N77 trillion by the end of May 2023

    U.S unemployment fell to a five-decade low

    U.S unemployment fell to a five-decade low

    Nigeria’s total public debt rises by over 20% YoY to N32.92 trillion

    Nigeria’s total debt rise above N44 trillion – DMO

    FG approves 39 licences for fish importation

    Q3 2022: Nigeria’s total trade stood at N11.6 trn, total export falls nearly 20% QoQ

    Update: Central Bank of Nigeria instructs banks to close accounts related to Crypto

    JUST IN: CBN limits weekly cash withdrawal to N100k

    Law to legalize crypto as a payment method passed in Brazil

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    Will Nigerians in diaspora be committing an offence if they make a campaign donation?

    Rivers and Oyo State to join others in establishing small claims courts

    Non-oil sector contributes 93.67% to Nigeria’s GDP in Q2 2022

    Nigeria’s GDP growth slows to 2.25% in Q3 2022, oil sector contribution declines further

    Buhari to unveil new naira notes Wednesday — no longer Dec 15

    Buhari to unveil new naira notes Wednesday — no longer Dec 15

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    Equity Market turns bearish… As Value Traded Spikes by 409.01%

    The Local bourse Closed The Week Bearish… As the NGX-ASI fell by 0.18%.

    Local Bourse closed in Bullish Territory… As NGX-ASI at 0.31%

    NGX-ASI Turns Bullish…As Oil & Gas sector closed at a Gain of 1.58%

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    Local Bourse Records 2nd Day Loss…… As NGX-ASI Decreases by 0.02%

    FGN Savings Bond rate rises above 12% in September 2022

    DMO offers N360 bn FGN Bonds for subscription in January

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    FY 2020: Unilever Nigeria Plc remains in loss despite revenue growth

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    North-West, South-West lead as INEC registers 96.2 million, Rivers overtakes Katsina

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    2023 Bible Lessons on Setting your Financial/Investment Goals

    2023 Bible Lessons on Setting your Financial/Investment Goals

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    Fact check: Is the Investment Peter Obi made for Anambra State worth next to nothing?

    37 years between the Buhari regimes… Economic lamentations remain the same

    37 years between the Buhari regimes… Economic lamentations remain the same

    FACT CHECK: Did Buhari inherit lowest oil production as Tinubu claims?

    FACT CHECK: Did Buhari inherit lowest oil production as Tinubu claims?

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Lafarge Africa Plc to pay N1.00 as final dividend for 2021 financial year

Tuesday, 1 March 2022, 7:41 pm
in Markets, Stocks/Equities
0
CAP Plc Shareholders approve N2.10kobo dividend per ordinary share for 2020 financial year
Share Share Share Share Send as Email

The Board of Directors of Lafarge Africa Plc (NGX: WAPCO) has proposed a final dividend of N1.00 per ordinary share for 2021. This will amount to N16.10 billion, and will be in addition to interim dividend declared last year.

At the 345th meeting of the Board, held on 27th of October 2021, a resolution on interim dividend of N1.00 was proposed, deliberated upon and duly passed on every ordinary share in issue.

The interim dividend also amounted to N16.10 billion, with the final dividend, WAPCO’s gross dividend will be N2.00 and will total N32.21 billion.

The interim dividend was paid from the pioneer profits, and the final dividend proposed, if approved by shareholders will also be payable from the pioneer profits and is not subject to deduction of withholding tax.

Also read: Transcorp Plc Share price tumble as its Board Meeting is cancelled

The N2.00 amounts to a dividend yield of 769%, as at the time of this publication, wherein the share price of WAPCO stood at N26.00. The share price of WAPCO lost N0.95 on Tuesday to drop from N26.95 opening price to N26.00.  The proposed dividend is subject to approval by the shareholders at the Annual General Meeting.

According to the corporate action announcement the cement manufacturer, shareholders whose names are registered in the Register of Members as at the close of business on Friday, 1st April 2022, will be paid the dividend.

Shareholders who are yet to complete the e-dividend registration are advised to download the Registrars e-Dividend Mandate Activation Form, which is available on the website of our Registrar www.cardinalstoneregistrars.com, complete and submit to the Registrar.

Nnamdi Maduakor
Nnamdi Maduakor

Nnamdi Maduakor is a Writer, Investor and Entrepreneur

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