Nigerian Breweries declares a final year gross dividend of 1.51 NGN per share

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Nigerian Breweries Plc has declared a dividend payout of N1.51 per ordinary share of 50 kobo each. This was issued in a public disclosure to the Nigerian Stock Exchange. The brewer stated that the proposed dividend would be subject to appropriate withholding tax.

Shareholders are also expected to approve the dividend during the company’s annual general meeting that has been scheduled to hold on April 22nd.

Nigerian Breweries recently released its audited financial report for the full year ended December 31st, 2019. The report showed that the company’s revenue decreased by 0.4% to N323 billion, down from N324.3 billion in 2018. Profit for the period also reduced by 17.0% to N16.1 billion, down from N19.4 billion.

The following are the details related to the dividend:

Financial periodFY 31/12/2019
Ex-Dividend date05/03/2020
Record date04/03/2020
Payment date23/04/2020
Dividend amount per share1.51 NGN