Home Business NGX Group declares interim dividend for shareholders in H1 2023
BusinessNews

NGX Group declares interim dividend for shareholders in H1 2023

Share
Share

By Chioma Obinagwam

 

The Board of Directors of the Nigerian Exchange Group Plc announced an interim dividend of 25 kobo per ordinary share of 50 kobo each, distributable to shareholders for the first half  (H1) of financial year 2023.

 

Confiance News gathered from NGX on Tuesday.

 

This dividend, which is the first since the demutualisation of the Nigerian Stock Exchange will be paid to shareholders whose names appear in the Shareholders’ Register as of close of business Monday, 31 July 2023. Payment will be remitted electronically to qualified shareholders on Thursday, 31st August 2023. The dividend announcement comes as a resolution of the Board following the request from shareholders at the recently held Annual General Meeting (AGM) on 14 July 2023.

 

Commenting on the dividend announcement, the Chairman, NGX Group, Alhaji (Dr) Umaru Kwairanga said, “The announcement of the dividend will send a signal to our shareholders that the Company has a listening and responsive Board following the request at the last annual general meeting. We hope to continue enjoying the support of our valued shareholders as NGX Group seeks to execute on its strategy to create sustainable growth in the medium to long term.”

 

The Group Chief Executive Officer, NGX Group, Mr Oscar Onyema stated, “The proposed payment will not significantly impact the cash position and retained earnings of the Company and will further position the company as investible for a wider class of investors in the capital market. We will continue to focus on maximising value for shareholders just as we champion the development of Africa’s financial markets.”

Please follow and like us:
Share

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Start your career with NNPC Limited

Start your career with NNPC Limited
Start your career with NNPC Limited

Member

Don't Miss

“Dare to struggle…Dare to win,” Sowore reacts to Uguamaye’s role in N77,000 NYSC allowance

By Chioma Obinagwam Renowned Nigerian human rights activist and journalist, Omoyele Sowore, has commended Ushie Rita Uguamaye popularly called Raye, for her role...

Why it’s critical for governments to consolidate progress in reducing child deaths, stillbirth

By Chioma Obinagwam Why it’s critical for governments to consolidate progress in reducing child deaths, stillbirth By Chioma Obinagwam  The number of children...

Related Articles

“Dare to struggle…Dare to win,” Sowore reacts to Uguamaye’s role in N77,000 NYSC allowance

By Chioma Obinagwam Renowned Nigerian human rights activist and journalist, Omoyele Sowore,...

FY 2024: UBA records ₦767bn profit, declares ₦3 final dividend

By Chioma Obinagwam Africa’s Global Bank, United Bank for Africa (UBA) Plc,...

NLNG reaffirms commitment to improve Domestic LPG supply in Nigeria

By Chioma Obinagwam The Nigerian Liquefied Natural Gas (NLNG) limited has reiterated...

In two photos: NDIC management visits FCT High Court

By Chioma Obinagwam To achieve its goal of protecting bank deposits, the...