Flour Mills of Nigeria Plc has announced a dividend of N2.15 per 50 kobo ordinary share in line with the resolutions passed at the meeting of the Board or Directors held on Friday, May 27, 2022.
This was disclosed by the company in a filing with the Nigerian Exchange on Tuesday. The dividend which amounts to N8.8 billion will be recommended to shareholders for approval at the company’s next Annual General Meeting, the document stated.
It added “that the dividend, if approved by the shareholders, shall be subject to deduction of appropriate withholding tax.”
Also at the meeting, the following resolutions were passed:
“IT IS RESOLVED by the directors that Flour Mills of Nigeria Plc’s Audited Financials for the year ended 31st March, 2022 be and are hereby approved.”
“IT IS FURTHER RESOLVED by the Directors that Flour Mills Group’s Audited Financial Statements for the year ended 31st March, 2022 be and are hereby approved.”
Ifunanya Ikueze is an Engineer, Safety Professional, Writer, Investor, Entrepreneur and Educator.