Nigerian Aviation Handling Company Plc (NGX: NAHCO) has proposed a final dividend of N1.20 per ordinary share for the 2022 financial year ended 31 December 2022.
The dividend proposal is contained in a corporate actions announcement published by the company on the Nigerian Exchange
The proposed dividend is subject to appropriate withholding tax and approval of shareholders at the next Annual General Meeting.
The qualification date for the dividend is Friday 12th May, 2023 and payment will be made on Friday, 26 May, 2023.
- Read also; List of Dividends announced in 2023, qualification and payment dates
- List of Dividends announced in 2022, qualification and payment dates
On Friday, 26 May, 2023., dividends will be paid electronically to shareholders whose names appear on the Register of Members as at the close of business on Friday 26 May, 2023 and who have completed the e-dividend registration and mandated the Registrar to pay their dividends directly into their Bank accounts.
NAHCO gained 20.99% this week. It closed at N9.80 per share on Thursday on the Nigerian Exchange.
At the current share price of N9.8 for NAHCO shares, the dividend yield will stand at 12.24% before withholding tax.
The dividend yield is a financial ratio that tells you the percentage of a company’s share price that it pays out in dividends each year.
Shareholders who are yet to complete the e-dividend registration are advised to download the form from the Registrars’ website (www.cardinalstone.com) complete and submit to the Registrars 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 Lagos on Friday 26th May 2023.
Ifunanya Ikueze is an Engineer, Safety Professional, Writer, Investor, Entrepreneur and Educator.
