Home Breaking News Nigerian Breweries to pay N1.9b divined to Shareholders

Nigerian Breweries to pay N1.9b divined to Shareholders

by Nwani Chisom
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Reports Reaching Oyogist.com shows that the Nigerian Breweries (NB) Plc would pay about N1.9 billion for distribution to shareholders as interim cash dividend after the company hit a net profit of N7.05 billion in third quarter. Shareholders will receive a dividend per share of 25 kobo.

The Nigerian Stock Exchange saw 0.7 per cent decline in revenue from N235.7 billion in September 2019 to N234 billion in September 2020, report shows.

Nigerian Breweries Plc Legal Director, Mr. Uaboi Agbebaku, revealed in a statement that the company would continue to focus on adequate precautionary measures to reduce the impact of the covid-19 pandemic on its operations, while protecting the health, safety and welfare of employees, customers and partners.

The statement noted that the interim dividend will become payable on Tuesday, December 1, 2020 to all shareholders registered in the books of the company as at Friday, November 20, 2020.

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