Learn Africa Plc (NGX: LEARNAFRCA) has announced a final dividend of 25 kobo per ordinary share of 50 kobo each for the financial year ended 31st March 2023.
The dividend will be subject appropriate withholding tax and approval of the shareholders at the company’s Annual General Meeting (AGM).
The Company’s Annual General Meeting will be held at 52 Oba Akran Avenue, Ikeja Lagos, on Tuesday 26th September 2023 at 11.00am.
At the end of trading on Thursday, the share price of Learn Africa rose by 10% to close at N3.52, putting the Dividend Yield at the time of dividend announcement at 7.10%.
Dividend yield is the financial ratio that measures the quantum of cash dividends paid out to shareholders relative to the market value per share.
The corporate action release by the publisher seen by Investogist stated that the qualification date for the dividend will be Friday, 8th September, 2023.
On Tuesday, 26th September 2023, dividends will be paid electronically to shareholders whose names appear on the Register of Members as at Friday, 8th September 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 download the Registrar’s E-Dividend Mandate Activation Form, which is available on the Registrar’s website: www.firstregistrarsnigeria.com, 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 Registrar is First Registrars and Investors Service Limited.
In June, Investogist reported that Learn Africa Plc, formerly Longman Nig. posted a profit after taxation of N429.53mn for the financial year ended 31 March, 2023.
Learn Africa Plc is a leading learning resource business in Nigeria, with a history spanning over 50 years. The company was established in 1961 as Longman Nigeria – a book publishing firm wholly owned by Longman Group UK Limited, now Pearson Education.
The main business of Learn Africa Plc is the publication and marketing of textbooks for the entire gamut of the educational system – nursery, primary, secondary and tertiary.
Nnamdi Maduakor is a Writer, Investor and Entrepreneur