N1 billion dividend for shareholders, Africa Prudential Plc announces

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Africa Prudential Plc
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Africa Prudential Plc which is one of Nigeria’s largest registrar and a key player in the capital market Board of Directors today proposed the sum of N1 billion as a dividend to pay its company qualified shareholders.

After a meeting held on Thursday which was the 18th day of February 2021, the Africa Prudential Plc Board of Directors came up with a resolution and resolved to pay a 50 Kobo per ordinary share dividend which is equivalent to N1,0000,000,000 (One billion Naira only).

However, note that the dividend which was recommended in 2020 by AfriPrud is lower by 28.57% considering the total dividend of 70 kobo per share that was paid to shareholders in 2019.

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According to a source,

It is important to note that the dividend declared is subject to appropriate withholding tax and the approval of shareholders at the Company’s next Annual General Meeting.

Moreover, NSE closed its trading activity share price at N7.3 per share last week which yields a dividend of the company that stands at 6.85%.

Conclusion

After the meeting that was held on Thursday, the Africa Prudential Plc Board of Directors resolved to pay a 50 Kobo per ordinary share dividend which is equivalent to N1,0000,000,000 (One billion Naira only).

However, they have been a decrease in the 2020 dividend by 28.57% compared to that of 2019.

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