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    UK Court awards £20m Damages in favour of Nigeria against P&ID

    FG, States, LGs share ₦2.00 Trillion for month of July 2025

    SEC warns against investing with GVEST Global’s illegal schemes

    SEC warns against investing with GVEST Global’s illegal schemes

    Only 23% of Nigerians trust INEC- Report says

    APGA candidates win Anambra by-elections

    US deficit grows to US$291 billion in July – Reports

    US deficit grows to US$291 billion in July – Reports

    Onitsha River Port receives first container barge for 2025 season

    Onitsha River Port receives first container barge for 2025 season

    JAMB sets 150 as cut-off mark for 2025/2026 university admissions

    WAEC releases 2025 WASSCE results, how to check yours

    President Buhari commissions the new US$100m Ultra-modern MMIA Terminal

    Festus Keyamo – Our Plans for the Murtala Mohammed International Airport Lagos

    Weekly Market Report: NGX rose 0.48% as Conoil shareholders lose 18.89%

    Conoil Plc reports 88.8% drop in profit to N900 million in H1 2025

    Brent crude oil price rise above $70 on OPEC projections

    OPEC+ agrees to increase oil production for September

    • Nigeria
    • Africa
    • World
  • Economy
    • All
    • Budgets
    • Economic Data
    • Policies
    “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

    CBN fines nine banks 150 million Naira each for failing to dispense cash

    CBN ends free ATM withdrawals for other banks’customers

    FG increases private university application fee from N5m to N25m

    FG increases private university application fee from N5m to N25m

    United States scraps visa dropbox service for Nigerian applicants

    United States scraps visa dropbox service for Nigerian applicants

    Buhari says Nigeria security and economy improved during his tenure

    Buhari says Nigeria security and economy improved during his tenure

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    Shareholder’s resolutions at Guaranty Trust Bank’s Annual General Meeting

    GTBank gets ₦365.85 billion capital injection, meets new minimum capital requirement

    NNPC and Partners to build first methanol plant in Nigeria

    NNPCL is under Attack – Bayo Ojulari, Group CEO

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    Access Holdings Plc appoints Mr. Innocent Ike as Group MD/CEO

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    International Energy Insurance Plc announces full and final repayment of JPY1.85 billion Coupon Bonds due 2028

    AIICO Board of Directors approve Dividend Payment and  2021 Financial Statements

    International Breweries appoints Temitope Oluwatosin as Company Secretary

    Outcome of Cadbury Nigeria Plc and Berger Paints Nigeria Plc Board meetings

    International Energy Insurance Plc calls an emergency Board meeting

    Wema Bank Plc surpasses recapitalisation target

    Wema Bank Plc surpasses recapitalisation target

    Augusto & Co. upgrades Globus Bank Limited’s rating to A and A1

    Augusto & Co. upgrades Globus Bank Limited’s rating to A and A1

    MTN Nigeria to pay over N200 billion final dividend for 2022

    List of Dividends announced in 2025, qualification and payment dates

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    Beta Glass Plc Shareholders to be presented with a N1.04 dividend for 2020

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    Weekly Report: Nigerian Exchange sees mixed performance as Cutix Plc emerge top gainer

    Again DMO offers N360 billion FGN bond for February

    DMO offers N300 billion FGN bond for auction in May

    NGX Daily Equities Market Report: Market gains for third consecutive days

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    New hope for Naira fixed income savers?

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Market Spotlight: Price adjustment of Lasaco Assurance Plc

Tuesday, 1 September 2020, 9:49 am
in Markets, Stocks/Equities
0
The wait for LASACO’s 2019 Financial Result is over… PAT drops by 57% in 2019
Share Share Share Share Send as Email

Lasaco Assurance Plc (NSE ticker – LASACO) share price was adjusted on Tuesday , for a 5 kobo dividend, as proposed by the Directors of the company for the year ended 31 December 2019.

LASACO’s ex-dividend price on the Nigerian Stock Exchange (NSE) on Tuesday is N0.26, following a close price of N0.31 on Monday.

The proposed dividend is subject to shareholders’ approval at the company’s 40th Annual General Meeting, which will be held by proxy at Oriental Hotel, 3, Lekki – Epe Express Way, Function Rooms 2, 3, and 4, Victoria Island, Lagos on Tuesday, 15th September 2020 at 11 am.

LASACO posted a 57% decline in Profit for the year ended 31 December 2019; N315.74 million, which is N420.53 million lower than the N736.27 million recorded in 2018 financial year.

  • Read also; Zenith Bank Plc discloses H1 2020 report release date, explains reason for the delay
  • Equity market ends August on a positive note as Market Cap rose by N331.216 billion

Dividend payment

If the proposed dividend of 5 kobo per share as recommended by the Directors is approved by members at the Annual General Meeting, e-dividends will be paid to Shareholders’ accounts in accordance with the directive of the Securities and Exchange Commission on Tuesday, 22 of September 2020 to the shareholders whose names appear in the Register of Members at the close of business on Monday, 31 August 2020.

If the dividend is approved, this will be the fourth straight year of dividend payout by the company, as it strives to join the league of consistent dividend-paying companies on the exchange.

The company’s dividend has been increasing progressively over the last four financial years as well; 3 kobo for the 2016 financial year, 4 kobo for the 2017 financial year, 5 kobo for the 2018 financial year.

Written by;

Ifunanya Ikueze

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