Ordinary Shareholders of Unilever Nigeria Plc (NGX: UNILEVER) will receive a final dividend of 50 kobo for every ordinary share of 50 kobo each.
The dividend which is subject to appropriate withholding tax and shareholders approved at the next Annual General Meeting (AGM) is for the financial year ended 31st December, 2021.
With it’s share price at N13.30, Unilever’s dividend yield will be 3.75% before withholding tax deduction. A deduction of 10% withholding tax will put a net dividend of N0.45 into the pockets of shareholders, thus a net dividend yield of 3.38%.
To qualify for the dividend, a shareholder must have a stock of Unilever at the close of trading on 14th April 2022.
On Friday 6 May, 2022, dividends will be paid electronically to shareholders whose names appear on the Register of Members as at Thursday 14th April, 2022 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 also available on the website of the Registrars: www.greenwichregistrars.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 Annual General Meeting will be held at the Grand Banquet Hall, Civic Centre, Victoria Island, Lagos on Thursday 5 May 2022 at 10.00am.
For the 2021 financial year, Unilever reported a Profit after tax of N688.26 million from continuing operations (2020: Loss of N3.75 billion).
Nnamdi Maduakor is a Writer, Investor and Entrepreneur